On Wednesday, August 26th, 2026, the US Department of the Treasury announced targeted sanctions against approximately 24 entities based in mainland China and Hong Kong. This action is part of the Treasury's "Operation Economic Outcast," a campaign aimed at curbing Iran and its trade partners. The sanctions focus on entities identified as enablers of Iran's trade activities.
The move underscores ongoing US efforts to restrict Iran's economic networks by targeting international partners facilitating trade with the country. The entities sanctioned are located within Asia, specifically in China and Hong Kong.
For more details, see the original announcement by the US Treasury as reported by the South China Morning Post.
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