The US Treasury Department has expanded its Operation Economic Fury campaign against Iran by sanctioning nine individuals and entities accused of supporting the country’s military weapons procurement network.

The June 10 action targets people and companies based in China and Hong Kong that US authorities allege facilitated millions of dollars in transactions connected to Iranian weapons purchases.

“Through Economic Fury, the Treasury Department is disrupting the foreign procurement networks that support the Iranian military’s efforts to acquire weapons,”

Said Treasury Secretary, Scott Bessent.

The sanctions include Hong Kong-based Mustad Limited, its director Liu Boyu, two employees and Shanghai affiliate Mustad Shanghai…