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Global Business News

The Economic Times

Global Business / The Economic Times

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US imposes sanctions on companies it accuses of aiding Iran's weapons sector

The U.S. Treasury imposed sanctions on 10 individuals and companies, including several in China and Hong Kong, for aiding Iran's weapons and drone material procurement. These actions aim to curb Iran's ability to threaten regional allies and shipping. The sanctions target specific companies involved in facilitating weapon and material acquisition for Iran's military programs.

9 May 2026 8:27 am