Dubai, United Arab Emirates - An Iranian port erupted, killing at least 70 people and injuring more than 1,000 people, and the center was ultimately owned by the charitable foundation, which was eventually supervised by the office of Supreme Leader Ayatollah Ali Khamenei.

The U.S. Treasury Department said the foundation, known as Bonyad Mostazafan, faces U.S. sanctions, helping 86-year-old Khamenei "enrich his office, reward his political allies and persecute the regime's enemies." Its top personnel also have direct ties to Iran's paramilitary Revolutionary Guard, which oversees Tehran's ballistic missile Arsenal and its operations against the Islamic Republic's enemies.

These associations came because authorities have not yet raised the cause of the explosion at the port of Shahid Rajaei near Banda Abbas. The port reportedly occupies the chemical composition needed for ballistic missiles, although reports now point to authorities' denial of a mysterious, highly explosive cargo.

Bonyad is the word "basic" Farsi, which exerted great power in Iran. Bonyads are rooted in the foundations of Shah Mohammad Reza Pahlavi's founding during his reign.

After the overthrow of Shah in 1979, Ayatollah Ruhollah Khomeini established the bone home to manage these assets, as well as companies seized from supporters of Shah and religious minorities such as Baha'i and Jews.

Bonyad Mostazafan, or “the basis of the oppressed”, is considered the country’s largest asset, with a 2008 U.S. Congressional Research Service report that at that time it represented 10% of Iran’s overall GDP. The Treasury Department invested its value in billions of dollars in 2020. Its network includes interests in mining, rail, energy, steel and transportation through its NINA port and marine services development companies.

Satellite photos analyzed by the Associated Press show the center of the explosion Saturday was taken next to the port's Xena terminal, chopping up the facilities and stacking containers nearby.

Later on Sunday, Iran's semi-official Irna news agency quoted Sina CEO Saeed Jafari as saying that the remarks about the detonation of the goods were false, which he called "very dangerous."

"The incident happened after false statements about dangerous goods and was delivered without documents and labels," Jafari said. He has not elaborated on it since the explosion and has been restricted by the authorities.

Bonyard Mostazafan has been associated with the guards since its creation. Its current president, Hossein Dehghan, reached a general position in the guards and served as military adviser to Khamenei. Other leaders in the history of the Foundation have direct and indirect connections with the defender.

The U.S. Treasury Department respectively describes the foundation as having a business relationship or cash transaction with the country's police, the Department of Defense and the guards.

"Mostazafan has become the 'Money Box' of the IRGC, whose financial assets and resources are available to senior IRGC commanders, especially to fund terrorist activities," said Manchester United of New York Pressure Group, using the guard's acronym.

When Bonyad Mostazafan was approved in 2020, the first Trump administration described the foundation as being used by Khamenei to “line in the pockets of his allies.”

"Despite its impact on the Iranian economy, Bonyad Mostazafan operates outside government supervision and is exempt from paying taxes on its multibillion-dollar revenues due to the 1993 decree of the Supreme Leader," the U.S. Treasury Department said, "The foundation says its affiliates pay taxes.

On Tuesday, the Treasury Ministry issued new sanctions against China and Iran, targeting the transfer of sodium perchlorate and sodium sebalin dioctopate to the Islamic Republic. Sodium perchlorate is used to produce ammonium perchlorate, a key element in the production of solid fuel for ballistic missiles. The Ministry of Finance determined from an Iranian company that a person had contact with the guard.

The Financial Times first reported in January that sodium perchlorate came to Iran from China twice. Tracking data shows that in recent weeks a vessel identified as carrying the load was near Shahid Rajaei. The private security firm Ambrey said the port received sodium perchlorate, which was described as a white, sand-like solid, respectively.

General Reza Talaeinik, spokesman for the Iranian Ministry of Defense, denied earlier this week that missile fuel was imported through ports. Iranian cabinet spokesman Fatemeh Mohajerani described the explosion Wednesday from "human errors."

But no Iranian official explained that the material that detonated such an incredible force on the scene was detonated.

Before the explosion on Saturday, red clouds can be seen in the footage of the surveillance camera. This suggests that compounds involved in explosions, like ammonia, such as the explosion in Beirut port in 2020, where ammonium nitrate caught fire and exploded.

That cloud is also similar to a dark cloud seen in video of a massive explosion in Nevada in 1988, which killed two people and injured hundreds of people on the Pages plant. PEPCON or Nevada's Pacific Engineering and Production Company made rocket fuel for NASA and accumulated ammonium perchlorate, which was not used after the Challenger Catastrophe, resulting in an explosion.

A similar red smoke could be seen before the explosion at a fertilizer plant in Texas in 2013, which contained ammonium nitrate, killing 15 people.

In addition, the health warning issued by the authorities in the explosion warning publicly warned the public that pollutants such as ammonia, sulfur dioxide and nitrogen dioxide could be in the air.