U.S. Treasury Sanctions Chinese Tech Companies Over Alleged Support for Iranian Missile and Drone Programs

The Trump administration expanded its sanctions net on Friday, blacklisting a group of Chinese and Hong Kong-based firms accused of procuring critical components for Iran’s military, including its ballistic missile and “Shahed” drone initiatives. The Treasury Department’s Office of Foreign Assets Control (OFAC) added one Chinese national and seven entities to its Specially Designated Nationals (SDN) list. The move was part of a broader crackdown involving ten individuals and companies across the Middle East, Asia, and Eastern Europe. Federal officials allege these parties functioned as a clandestine procurement network for the Iranian military. Concurrently, the State Department issued sanctions against…