US Announces New Sanctions Against Chinese and HK Firms Over Aid to Iran's Missile Program

The US Treasury Department has imposed new sanctions on several individuals and organizations linked to Iran's ballistic missile program. The sanctions target three Iranian citizens and an Iranian entity with ties to Tehran's Organization of Defensive Innovation and Research. The entities and individuals sanctioned are involved in efforts to help the Iranian regime domestically source critical materials for its ballistic missile program. This is part of a broader effort to impose sanctions on entities linked to Iran's oil industry and nuclear program. Iran is notable for being the only country without nuclear weapons that enriches uranium to 60% purity. The sanctions were announced a day after a fourth round of talks with Iran concluded.