United States sanctions against Iran
The United States has since 1979 applied various economic, trade, scientific and military sanctions against Iran. United States economic sanctions are administered by the Office of Foreign Assets Control (OFAC), an agency of the United States Department of the Treasury. As of 2017, United States sanctions against Iran include an embargo on dealings with the country by the United States, and a ban on selling aircraft and repair parts to Iranian aviation companies.
The United States imposed sanction of 1995 bans aviation companies from selling aircraft and repair parts to Iranian airlines. Iranian registered commercial airplanes (such as this Iran Air Boeing 747-100B for example) were also banned from entering U.S. airspace due to the sanctions.
In December 2008 the United States government sought 40 percent interest in 650 Fifth Avenue on the edge of Rockefeller Center which it said was co-owned by Bank Melli.
Annual inflation of the Iranian rial. As of 2020, US economic sanctions have contributed to inflation and high unemployment rate alongside economic mismanagement and the coronavirus crisis.
Office of Foreign Assets Control
The Office of Foreign Assets Control (OFAC) is a financial intelligence and enforcement agency of the U.S. Treasury Department. It administers and enforces economic and trade sanctions in support of U.S. national security and foreign policy objectives. Under presidential national emergency powers, OFAC carries out its activities against foreign states as well as a variety of other organizations and individuals, like terrorist groups, deemed to be a threat to U.S. national security.
OFAC is headquartered in the Freedman's Bank Building, located across the street from the Treasury Building in Washington, D.C.