Canada reimposes sanctions on 11 Iranian entities

Canada reimposed sanctions on 11 Iranian entities on Tuesday, Nov. 10, 2026, returning to its sanctions list oil, nuclear and banking organizations it had removed in 2016, Foreign Affairs Minister Anita Anand said.

The sanctions bar people in Canada, and Canadians abroad, from financial or property transactions with the listed entities, Global Affairs Canada said, as reported by CBC News. That means Canadian banks, companies and individuals cannot deal with them.

“Canada’s position is unequivocal: Iran must never be allowed to obtain a nuclear weapon,” Anand said in a statement. She said Canada will keep working with its G7 partners toward a “comprehensive, verifiable and durable agreement” on Iran’s nuclear program.

Reuters reported that Anand announced the measures at a meeting of Group of Seven foreign ministers in Paris. The listed entities are the Nuclear Fuel Production and Procurement Company, the Nuclear Reactors Fuel Company, Kala Naft, Naftiran Intertrade Company, the National Iranian Oil Company, the National Iranian Tanker Company, Bank Mellat, Bank Melli, the Iran Bank of Industry and Mine, the Export Development Bank of Iran and the Iran Insurance Company, according to the Iran International and Reuters accounts of the government list.

Canada took the entities off its list in 2016, after the International Atomic Energy Agency reported that Iran had allowed verification and limited its program under the 2015 nuclear deal. Ottawa said Tehran has since failed to meet its commitments on its nuclear program, its ballistic missile development and its financing of violence beyond its borders, CBC reported. The IAEA’s board found in June 2025 that Iran was not meeting its safeguards obligations, and Iran suspended co-operation with the agency after the United States and Israel struck the country in February.

The government said this is the 25th round of Canadian sanctions against Iran, covering 237 individuals and 276 organizations.

The move comes as the diplomacy around the war continues. Reuters reported that an Iranian official said last week Tehran had sent a proposal on nuclear issues to the United States through Qatar, but that talks depend on Washington first meeting Iranian demands that include sanctions relief and access to frozen assets. Washington says nuclear issues must be part of any initial talks. Iran has said its nuclear program is for peaceful purposes only.

Canada News Media has also reported on Washington’s stance on Iran after the U.S. midterms, on the UN’s push for a Hormuz deal and on Anand’s role in earlier talks on the Strait of Hormuz.

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