US sanctions 10 entities for allegedly supporting Iran’s military — SkimNews
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- US Treasury sanctioned 10 individuals and firms in China, Pakistan, Turkiye, Iran, and Saudi Arabia, accusing them of procuring weapons and components for Iran's Ministry of Defense and Armed Forces Logistics (MODAFL).
- Hong Kong-based EC Mojo Technology Co Ltd and its representative Li Fen were designated for allegedly providing electronic components to Iran's military and attempting to evade US export controls.
- Saudi-based Cavalier Dynamics was sanctioned in coordination with Saudi government partners, marking a rare instance of explicit bilateral coordination in the campaign.
- Operation Economic Outcast, announced in August by Treasury Secretary Scott Bessent, is the umbrella effort; Trump warned that any country trading with Iran would face 'tremendous' consequences.
- China-based entities were targeted despite Trump's recent state visit with Xi Jinping, underscoring the gap between warming US-China diplomatic ties and continued enforcement against Beijing-linked firms in Iran's supply chain.
- Broader sanctions spillover has hit Iran's civilian airline sector, leaving some passengers stranded as Iranian and international carriers cancelled flights, while Iran's currency fell to a record low on Tuesday amid war-related pressures.
Why it matters: By designating firms across five countries — including Chinese-linked entities just days after Trump's Xi summit — the Treasury is signaling that the Iran sanctions campaign will not pause for diplomatic openings with Tehran's largest trading partner. Saudi coordination on one designation shows the administration is selectively pulling regional partners into enforcement, while civilian aviation sanctions and the rial's record low show the pressure is now hitting ordinary Iranians as well as military procurement chains.
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