An Iranian army technician pilots during a military exercise. Photo: Iranian Army Office via AFP
An Iranian army technician pilots during a military exercise. Photo: Iranian Army Office via AFP
An Iranian army technician pilots during a military exercise. Photo: Iranian Army Office via AFP
An Iranian army technician pilots during a military exercise. Photo: Iranian Army Office via AFP

Iran drone programme target of latest US sanctions


Joyce Karam
  • English
  • Arabic

The US took aim at Tehran's drone programme on Friday by slapping new sanctions on four people and two entities linked to Iran's Islamic Revolutionary Guard Corps.

In a statement, the Treasury Department said the IRGC has been providing Unmanned Aerial Vehicles (UAVs), or drones, to Iran-backed groups, including Lebanese militant group Hezbollah, and to crisis-hit Ethiopia, “where the escalating crisis threatens to destabilise the broader region".

Iranian drone strikes have been directed against multiple tankers in the Arabian Gulf in recent years, including the May 2019 Fujairah attack off the UAE coast that damaged Saudi, Emirati and Norwegian vessels.

“Iran’s proliferation of UAVs across the region threatens international peace and stability. Iran and its proxy militants have used UAVs to attack US forces, our partners and international shipping,” Deputy Secretary of the Treasury Wally Adeyemo said.

“Treasury will continue to hold Iran accountable for its irresponsible and violent acts.”

Friday's sanctions were placed on the commander of the IRGC's Aerospace Force, Saeed Aghajani, who is accused of ordering several drone attacks in Gulf waters over the past two years.

His unit orchestrated the July 29 attack on the commercial shipping vessel Mercer Street off the coast of Oman, which resulted in the deaths of two crewmen, the Treasury Department said.

“Aghajani also was behind a UAV attack against a Saudi Arabian oil refinery in 2019,” the statement read.

Also named in the sanctions was the IRGC's Gen Abdollah Mehrabi.

Two Iran-based drone companies, Kimia Part Sivan and Oje Parvaz Mado Nafar, along with two people affiliated with them, were added to the sanctions list for helping the IRGC modernise its drone programme.

The Treasury said the IRGC's Quds Force has used and distributed lethal drones throughout the region, noting that Iranian-funded groups including Hezbollah, Hamas in Gaza, Kata’ib Hezbollah in Iraq and the Houthi rebels in Yemen have received Iranian UAVs.

The statement said the Ethiopian government has also used Iranian UAVs against rebels in the northern Tigray region.

Open-source intelligence website Oryx reported in August that Ethiopia had secured a contract with Iran for the delivery of Mohajer-6 unmanned combat aerial vehicles.

“After seemingly having arrived at Ethiopia's Semara airport in north-eastern Ethiopia on the 1st of August, the drones' Ground Control Station (GCS) was then pictured as Prime Minister Abiy Ahmed visited the base not more than two days later,” the intelligence website said.

The Ethiopian embassy in Washington was not immediately available for comment.

Agencies contributed to this report

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Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

Bloomberg

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Second ODI, Pallekele International Cricket Stadium
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Third ODI, Pallekele International Cricket Stadium
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Fourth ODI, R Premadasa Stadium
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Friday: First practice - 1pm; Second practice - 5pm

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Updated: October 29, 2021, 4:28 PM