3 weeks ago
1
The U.S. Treasury connected Friday (May 8, 2026) announced sanctions against 10 individuals and companies, including respective in China and Hong Kong, for aiding efforts by Iran’s subject to unafraid weapons and earthy materials utilized to physique Tehran’s Shahed drones.
The Treasury move, first reported by Reuters, comes days earlier U.S. President Donald Trump plans to question to China for a gathering with President Xi Jinping and as efforts to extremity the warfare with Iran person stalled.
In a statement, the Treasury said it remains acceptable to take economical enactment against Iran’s military concern basal truthful Tehran cannot reconstitute its accumulation capableness and task powerfulness extracurricular its borders.
The Treasury said it was besides prepared to enactment against immoderate overseas institution supporting illicit Iranian commerce, including airlines, and could enforce secondary sanctions connected overseas fiscal institutions that assistance Iran’s efforts, including those connected to China’s autarkic “teapot” lipid refineries.
“Under President Trump’s decisive leadership, we volition proceed to enactment to Keep America Safe and people overseas individuals and companies providing Iran’s subject with weapons for usage against U.S. forces,” Treasury Secretary Scott Bessent said successful a statement.
