US Treasury Sanctions 10 Entities for Supporting Iran's Military Efforts
The US Treasury has announced sanctions against 10 individuals and companies, including several based in China and Hong Kong, for their involvement in aiding Iran's military. These entities have been accused of helping Iran secure weapons and raw materials necessary for the production of Shahed drones. This move comes as President Trump prepares for a meeting with Chinese President Xi Jinping, amidst stalled efforts to end the conflict with Iran. The Treasury has emphasized its readiness to take further economic actions to prevent Iran from rebuilding its military capabilities and projecting power beyond its borders. Additionally, the Treasury is prepared to impose secondary sanctions on foreign financial institutions that support Iran's illicit commerce. 
