U.S. Treasury sanctions additional Iranian entities under counterterrorism rules

The U.S. Treasury Department sanctioned additional entities in Iran under counterterrorism designations and also sanctioned Behrouz Namazi, whom it described as linked to the IRGC. The actions follow the U.S. restart of a naval blockade against Iranian ports on July 15.

U.S. Central Command said it had redirected two commercial vessels attempting to transit the Strait of Hormuz since the blockade resumed 17 hours earlier.

Military spending and munitions use An analysis shows the United States has expended half of at least four of its most critical munitions since its attack on Iran began on February 28. The same analysis estimates the U.S. has incurred billions of dollars in weapons expenses during the campaign.

President Trump is scheduled to address a defense summit at the U.S. Army War College, where he is expected to discuss U.S. military investments.

Iranian economic conditions Iranian officials have reported seven soldiers killed in U.S. attacks. Mehran Kamrava, professor of government at Georgetown University Qatar, said the government is releasing casualty figures deliberately to maintain popular support amid high inflation, unemployment, and $270 billion in reported economic damages.

Kamrava added that Iranian authorities are shifting the conflict toward economic pressure through attacks on shipping because they cannot match U.S. military power directly.

Other developments British man Craig Foreman, sentenced to 10 years in Iran on espionage charges he denies, received an additional two-year sentence for speaking to the media, his son Joe Bennett said. Foreman and his wife began a hunger strike in May.

Iranian Foreign Minister Araghchi arrived in Qatar to offer condolences following the death of the former emir and is expected to meet Qatari officials.