The planned action by the Treasury Department is directed at nearly a dozen companies and individuals in Iran, Hong Kong and the United Arab Emirates for their alleged role in developing Iran's ballistic-missile program, U.S. officials told The Wall Street Journal.
Senior U.S. officials have said the Treasury Department retained a right under the agreement to blacklist Iranian entities allegedly involved in missile development, as well as those that support international terrorism and human-rights abuses. Officials view those activities as separate from the nuclear deal, according to the report.
The Iranian government on Wednesday didn't immediately respond to a request for comment on the possible new sanctions, which are expected to be formally announced this week, according to The Wall Street Journal.
Iran has test-fired two ballistic missiles since the July agreement, one in October and a second in November, according to U.S. officials.
A United Nations panel ruled this month that the October launch violated a U.N. Security Council resolution that bans Iran's development of ballistic-missile systems.
Iran acknowledges its missile program but says it doesn't violate U.N. law and is strictly for defensive purposes.
