Overview
- U.S. officials announced Friday new sanctions that target parts suppliers for Iran’s Shahed drones and missile programs while the State Department penalized China‑based companies accused of providing satellite imagery used to guide strikes on U.S. forces.
- OFAC named 10 targets tied to procurement networks, including Yushita Shanghai International Trade, Elite Energy FZCO, HK Hesin Industry, Armory Alliance, Mustad Limited, Pishgam Electronic Safeh, and Hitex Insulation Ningbo, with additional State designations for Meentropy Technology (MizarVision), The Earth Eye, Chang Guang Satellite Technology, and Iran’s MINDEX.
- Treasury said the listings were made under Executive Order 13382, and State used Executive Order 13949, which results in asset freezes under U.S. jurisdiction and bars U.S. persons from transactions with the named entities.
- Treasury warned it may impose secondary sanctions on foreign banks and companies that enable illicit Iranian trade, including firms tied to China’s independent ‘teapot’ oil refineries, a message that raises pressure ahead of President Trump’s planned meeting with Xi Jinping.
- The measures form part of the ‘Economic Fury’ campaign launched after UN restrictions were reimposed in September 2025, expanding earlier rounds that targeted shadow banking and seized regime‑linked cryptocurrency to now include commercial satellite and other dual‑use technology flows.