An underground Iranian missile base. The US is close to announcing sanctions against several companies and individuals for their ties to Iran’s ballistic missile program. Photo: Screenshot.

The U.S. Treasury Department is close to announcing sanctions against several companies and individuals for their ties to Iran’s ballistic missile program, a person familiar with the matter said.

The Obama administration, which is implementing a landmark accord aimed at curbing Iran’s nuclear program, was criticized earlier this month by Republican Senator Bob Corker for a lax response to Iran’s possible launch of a ballistic missile and has said it would take appropriate action.

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