Iran has been importing billions of dollars worth of military equipment and components through a hidden network of more than 5,000 agencies, allowing its armed forces to continue receiving supplies despite U.S. sanctions and a naval blockade imposed during the ongoing war. An investigation by Reuters found that one agency alone imported $2.3 billion in goods between January 2025 and June 2026. The purchases included explosives, chemicals used in rocket fuel, aircraft components and heavy-duty vehicles that can be adapted to launch missiles and drones. The investigation, conducted with Israeli-American risk consultancy 240 Analytics, drew on thousands of Iranian banking…
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