Canada reimposed sanctions against 11 Iranian entities on Tuesday, November 10, 2026, targeting organizations in the energy and banking sectors that the government says contribute to Iran's nuclear program, ballistic missile development, and financing of what Ottawa describes as "malign activities."
Foreign Minister Anita Anand announced the measure at a meeting of Group of Seven foreign ministers in Paris, stating that the sanctions aim to restrict Iran's access to sensitive technology and financing sources linked to its nuclear and missile programs.
"Canada's position is unequivocal: Iran must never be allowed to obtain a nuclear weapon," Anand said in a statement from Canada's foreign ministry.
The sanctioned entities include the National Iranian Oil Company, major banks Mellat and Melli, and nine other organizations involved in nuclear fuel production, oil transport, and financial services. These same entities were removed from Canada's sanctions list in 2016 following Iran's agreement to the Joint Comprehensive Plan of Action, the multilateral nuclear accord known as the JCPOA.
The foreign ministry cited Iran's "repeated refusal to cooperate" with the International Atomic Energy Agency as justification for the action. The ministry noted that despite initially complying with JCPOA terms, Iran has since failed to meet its nuclear obligations and has restricted IAEA access to nuclear facilities.
The 2015 JCPOA, negotiated between Iran and world powers including the United States, the European Union, Russia, China, and others, imposed restrictions on Iran's nuclear program in exchange for sanctions relief. However, the agreement has faced mounting pressure in recent years as Iran has gradually reduced compliance and increased uranium enrichment levels beyond JCPOA limits.