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A groundbreaking investigation by Reuters has exposed a massive covert procurement network of over 5,000 military-linked front agencies operating across the globe, allowing Tehran to import over $2 billion in military hardware, dual-use components, and raw missile materials despite international sanctions and an active U.S. naval blockade.
According to corporate filings and shipping ledgers analyzed between January 2025 and June 2026, a single primary entity—coded in customs records as MOD 346428—procured $2.3 billion in critical supplies. The deliveries included rocket fuel chemicals, explosives precursors, aircraft parts, CNC precision machinery, and 435 heavy-duty Iveco transport trucks modified as mobile ballistic missile launchers. Over 97% of the total transactions were settled "without currency transfer," utilizing illicit foreign oil revenues held in dark-bank accounts by overseas frontmen.
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