Overview
- The U.S. Treasury, which announced the move Friday, targeted 10 individuals and companies for supplying parts and materials for Iran’s Shahed drones and missiles.
- Those named include firms in China and Hong Kong such as Yushita Shanghai and HK Hesin, plus Elite Energy in Dubai and Armory Alliance in Belarus.
- Treasury says Iran’s Pishgam Electronic Safeh procured drone motors while China’s Hitex Insulation Ningbo supplied materials used in ballistic missiles.
- The department warned it could place secondary sanctions on foreign banks and companies, including airlines and China’s small private “teapot” refineries that process Iranian oil.
- The step builds on late‑April actions against shadow finance and refining networks, though analysts say its narrow scope and the absence of Chinese banks raise questions about bite.