The US Treasury on Thursday ramped up its Iran-related sanctions, targeting a firm with ties to Iran-backed militia groups in Iraq, and the president of the Iraq's Olympic Committee.

In a statement, the Treasury Department accused these militia of helping "the Iranian regime in evading U.S. sanctions, smuggling weapons, and engaging in widespread corruption in Iraq," and of being responsible for the death of American "personnel."

Those sanctions included a firm it said was created by Kataeb Hezbollah, a powerful Iraqi militia that has been listed as a terrorist organization by the United States.

"The militias actively undermine the Iraqi economy, monopolizing resources through graft and corruption, and hinder the formation of a functioning Iraqi government that would make the region saf

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