U.S. sanctions companies and individuals in the Middle East and China for helping Iran

U.S. sanctions companies and individuals in the Middle East and China for helping Iran


A huge art work banner newly posted on the corner of Vali Asr Square depicts Iranian missiles with messages addressing Minab schoolgirls and victims of Epstein Island on March 17, 2026 in Tehran, Iran. =

Kaveh Kazemi | Getty Images

The U.S. is imposing sanctions on companies and individuals across the Middle East and China for allegedly helping Iran in its war efforts, the State Department said.

The moves target 11 entities and three individuals based in Iran, China, Belarus, and the United Arab Emirates, the department said in a statement late on Friday.

“Included in today’s actions are several China-based entities providing satellite imagery to enable Iran’s military strikes against U.S. forces in the Middle East,” Secretary of State Marco Rubio said in the statement.

“Additionally, we are designating entities and individuals enabling efforts by Iran’s military to secure weapons, as well as raw materials with applications in Iran’s ballistic missile and unmanned aerial vehicle (UAV) programs,” Rubio said.

Rubio said on Friday that the U.S. was expecting a response from Iran that day on the U.S.’s proposal to end the war.

Iran said Thursday it is reviewing messages from the U.S. received via Pakistani mediators, but it has yet to reach a conclusion or deliver a reply, according to Iranian state media, which cited an Iranian official.

Axios and other news outlets reported earlier this week that the countries were nearing a 14-point memorandum of understanding to put an end to the war and resume talks around Iran’s nuclear program.

Rubio’s comments come amid confusion over whether a ceasefire between Iran and the U.S. is still in effect, as both have opened fire in the Strait of Hormuz, accusing the other of initiating attacks.

President Donald Trump on Thursday insisted the ceasefire was still in effect, calling the strikes “just a love tap.” Trump also said the Iranians wanted to “make a deal very much.”

“We’ve seen a report overnight that Iran has established, or trying to establish, some agency that’s going to control traffic in the straits. That would be [a] problem. That would actually be unacceptable,” Rubio said Friday.

The blockade of the narrow waterway, which normally carries around a fifth of global oil supply, has caused a global energy shock. The International Energy Agency has called the situation “the biggest energy security threat in history.”

CNBC’s Elsa Ohlen and Kevin Breuninger contributed to this report.

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.



Source

Netanyahu says Iran war is ‘not over’ as Trump rejects latest Iranian offer
World

Netanyahu says Iran war is ‘not over’ as Trump rejects latest Iranian offer

Israeli Prime Minister Benjamin Netanyahu speaks during a press conference, amid the U.S.-Israel conflict with Iran, in Jerusalem, March 19, 2026. Ronen Zvulun | Reuters Israeli Prime Minister Benjamin Netanyahu said on Sunday that the war with Iran is “not over,” as the U.S. and Israel still aim to bring an end to Tehran’s nuclear […]

Read More
SEC delay on prediction markets ETFs echoes a long-fought bitcoin fund battle
World

SEC delay on prediction markets ETFs echoes a long-fought bitcoin fund battle

Prediction markets ETFs may soon be coming to retail investors and even into retirement plans, but maybe just not as fast as anticipated. The Securities and Exchange Commission during the second Trump administration has sought to distinguish itself from Biden era regulators with what it calls a move away from the “regulatory creep” that it […]

Read More
Retailers are on a hiring spree. But consumers are sending warning signs
World

Retailers are on a hiring spree. But consumers are sending warning signs

A woman walks past a “Now Hiring” sign in front of a store on January 13, 2022 in Arlington, Virginia. Olivier Douliery | AFP | Getty Images Retailers are ramping up hiring this year, defying economic concerns as consumers keep shopping. The retail trades added nearly 22,000 jobs in April, accounting for almost one-fifth of […]

Read More