Iran war: US imposes sanctions on 10 individuals, companies from China, Hong Kong over helping Tehran to build Shahed drones, ballistic missiles. Check full list of firms
🔴 Tension RisingThe Economic Times2026-05-09
The U.S. announced sanctions on 10 individuals and companies, including those in China and Hong Kong, aiding Iran's drone and ballistic missile production. This move comes amid stalled efforts to end the war with Iran and ahead of President Trump's visit to China. The Treasury aims to pressure Iran's military industrial base and limit its ability to threaten shipping in the Strait of Hormuz.