US targets firms in China, Hong Kong over alleged role in Iranian drone procurement

The United States imposes sanctions on six entities based in Hong Kong and China that it accuses of being involved in an Iranian drone procurement network as the Trump administration implements its “maximum pressure” campaign against Tehran.

The US Treasury Department says the entities are engaged in the procurement of unmanned aerial vehicle (UAV) components on behalf of an Iranian firm under US sanctions, Pishtazan Kavosh Gostar Boshra, and its subsidiary Narin Sepehr Mobin Isatis, adding that the firms are key suppliers of Iran’s UAV and ballistic missile programs.

“Iran continues to try to find new ways to procure the key components it needs to bolster its UAV weapons program through new front companies and third-country suppliers,” Treasury Secretary Scott Bessent says in a statement.

“Treasury remains committed to disrupting the schemes that enable Iran to send its deadly weapons abroad to its terrorist proxies and other destabilizing actors.”