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US Sanctions Target Iran Defense Industry, Houthis

US Sanctions Target Iran Defense Industry, Houthis

Bloomberg20-06-2025
The US escalated pressure on Iran with sanctions targeting individuals and companies allegedly involved in obtaining machinery for its defense industry, as well as those backing a militant group with ties to the regime.
The Treasury Department's Office of Foreign Assets Control imposed penalties on a Chinese national and eight entities based in Iran, mainland China, Hong Kong, Singapore, and Turkey for helping procure and transport sensitive machinery for Iran's defense program.
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