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US imposes sanctions on companies it accuses of aiding Iran's weapons sector

World News

09-05-2026 | 00:33

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US imposes sanctions on companies it accuses of aiding Iran's weapons sector

The U.S. Treasury on Friday announced sanctions against 10 individuals and companies, including several in China and Hong Kong, over accusations they aided Iran's efforts to secure weapons and the raw materials needed ‌to build its Shahed drones and ballistic missiles.

In a statement, Treasury said it remained ready to take economic action against Iran's military industrial base to prevent Tehran from reconstituting its production capacity.

Treasury ⁠said it was also prepared to act against any foreign company supporting illicit Iranian commerce, including airlines, and could impose secondary sanctions on foreign financial institutions that aid Iran's efforts, including those connected to China's independent "teapot" oil refineries.

Reuters

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