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The Jerusalem Post - Israel News

US and PSI Pledge to Prevent Weapons Transfers to and from Iran

October 3, 2026 Lucas Fernandez – World Editor World

The United States and Proliferation Security Initiative participants pledged to prevent the transfer of weapons to and from Iran, issuing a joint statement marking one year since the reinstatement of UN Security Council resolutions, jpost.com reported.

Eight Entities Sanctioned Under Operation Economic Outcast

The United States Department of State announced new sanctions targeting eight entities and five individuals involved in procuring weapons and components for Iran, according to state.gov. Iran has continued attempts to acquire arms and expand destabilizing activities in violation of these renewed international measures.

Participating countries committed to enhanced intelligence-sharing, streamlined information transfers, and targeted interdiction measures. State.gov noted that the United States has imposed dozens of sanctions on Iranian procurement networks since September 2025. Officials have also engaged representatives from 40 countries to strengthen enforcement. Meanwhile, Russia and China have obstructed the UN Security Council from implementing updated identifying information for Iranian entities on the UN Consolidated Sanctions List.

Strait of Hormuz Control and Regional Economic Impact

Trump claimed that Iran’s economy is severely damaged, citing inflation exceeding 300 percent following six months of war. The military campaign has resulted in 18 U.S. deaths compared to 4,500 Iranian casualties, according to figures cited by the administration. We lost 18, and very soon you’re going to see things happening, very soon, he continued. They have inflation of more than 300%. Over the last week in the Strait of Hormuz, where we have almost total control, I would say total control, but every once in a while they put a mine there and disrupt things a little, he said. But we have, in effect, almost total control of the Strait of Hormuz. And in fact, over the last three days, more oil has come out of the Strait of Hormuz than at any other point in history, he said.

The Department of State’s Rewards for Justice program offers up to $15 million for information disrupting the financial mechanisms of the Islamic Revolutionary Guard Corps. The United States continues calling on all UN member states to fulfill binding nonproliferation obligations and cooperate with the International Atomic Energy Agency.

Over the last year, the United States rallied representatives from 40 countries to strengthen implementation of the reimposed UN measures against Iran.

More on this story: Iran Offers Deal to Reopen Strait of Hormuz Within Seven Days · Strait of Hormuz Commercial Traffic Nears Prewar Levels Amid Iran Conflict

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