Iran hits back at US with 'reciprocal' sanctions on 15 companies

Tehran: Iran on Sunday sanctioned what it described as 15 American companies, alleging they support terrorism, repression and Israel's occupation of land Palestinians want for a future state, likely in retaliation for sanctions earlier announced by the US.

The wide-ranging list from an American real estate company to a major arms manufacturer appeared more symbolic than anything else as the firms weren't immediately known to be doing business anywhere in the Islamic Republic.

A Foreign Ministry statement carried by the state-run IRNA news agency said the sanctions barred companies from any agreements with Iranian firms and that former and current directors would not be eligible for visas.

It also said any of the company's assets in Iran could be seized. "The sanctioned companies have,



directly and/or indirectly, been involved in the brutal atrocities committed by the Zionist regime in the occupied Palestinian territories, or they have supported the regime's terrorist activities and Israel's development of Zionist settlements on the Palestinian soil," the IRNA report said.

The IRNA report referred to the sanctions as a "reciprocal act," without elaborating. Iran's new sanctions comes after the Trump administration in February sanctioned more than two dozen people and companies in retaliation for a recent ballistic missile test.

The companies named did not immediately respond to requests for comments on Monday. They included ITT Corp., missile-maker Raytheon Co. and United Technologies Corp. Denver's Re/Max Holdings Inc., a real estate company, also made the list.