US Secretary of State Mike Pompeo has pledged more sanctions on Iran “in the coming weeks and months”, while the US Treasury Department has updated its list of newly sanctioned individuals and companies.

The new batch of sanctions targeting the Islamic Republic includes restrictions against nine individuals and dozens of entities, including the Khamenei-linked Bonyad Mostazafan foundation and Iran’s Intelligence Minister Mahmoud Alavi, as per the US Treasury Department website.

“The US Department of the Treasury’s Office of Foreign Assets Control took action today against a key patronage network for the Supreme Leader of Iran, the Islamic Revolution Mostazafan Foundation (Bonyad Mostazafan, or the Foundation), an immense conglomerate of some 160 holdings in key sectors of Iran’s economy, including finance, energy, construction, and mining,” the Treasury website reads.

Last week, the US introduced limitations targeting four high-profile Iranians and six local companies, with the move closely following Washington’s sanctions slapped on the Islamic Republic’s oil sector, including the Iranian Ministry of Petroleum.