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The Treasury Department on Friday announced a new wave of sanctions against Iran, taking formal action against the Islamic Republic just two days after National Security Adviser Michael Flynn said the U.S. was "officially putting Iran on notice."

The sanctions come in response to a recent missile test conducted by Iran as well as an attack by Iranian-backed Houthi rebels in Yemen against a Saudi naval vessel.

According to the Treasury Department release, the sanctions target "multiple entities and individuals involved in procuring technology and/or materials to support Iran's ballistic missile program, as well as for acting for or on behalf of, or providing support to, Iran's Islamic Revolutionary Guard Corps-Qods Force."


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