The US imposes sanctions on 10 individuals and companies for supporting Iran's arms sector.

WASHINGTON, May 8 (Reuters) - The U.S. Treasury Department on Friday imposed sanctions on 10 individuals and companies, some in China and Hong Kong, for allegedly helping the Iranian military obtain weapons and raw materials used in the manufacture of Shahed drones.

The Treasury Department's move, first reported by Reuters, comes days before U.S. President Donald Trump's planned visit to China to meet his Chinese counterpart Xi Jinping, and as efforts to end the war in Iran falter.


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.