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US sanctions 10 people and China Hong Kong firms over Shahed drone missile aid to Iran
International
Published on 9 May 2026
Treasury targets front firms quietly supplying drone knowhow
The U.S. Treasury has imposed sanctions on 10 individuals and companies based in China and Hong Kong, accusing them of helping Iran build Shahed drones and ballistic missiles. The agency said it remains ready to use additional economic measures against Iran’s military industrial base to stop Tehran from rebuilding production capacity.
- Sanctions hit 10 individuals and China and Hong Kong firms
- Accusations include support for Shahed drones and ballistic missiles
- U.S. says it will keep targeting Iran’s military industrial base
- Action aims to prevent reconstituting Iran’s production capacity
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times