The Obama administration is preparing to impose its first financial sanctions on Iran since it forged a landmark nuclear agreement in July, presenting a major test for whether Tehran will stay committed to the deal.
The penalties would target about 12 companies and individuals for their alleged role in developing Iran's ballistic-missile program, which has conducted two test firings over the past few months.
While the U.S. maintains its rights to blacklist Iranian entities suspected of involvement in missile development, Iranian officials have warned that Supreme Leader Khamenei would view such sanctions as violating their nuclear accord.
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