New US Sanctions Aim to Disrupt the Shipment of Technology for Iran’s Defense Sector

WASHINGTON—The Treasury Department announced on June 20 it has sanctioned eight entities associated with allegedly acquiring sensitive machinery for Iran’s defense sector. “The United States remains resolved to disrupt any effort by Iran to procure the sensitive, dual-use technology, components, and machinery that underpin the regime’s ballistic missile, unmanned aerial vehicle, and asymmetric weapons programs,” Treasury Secretary Scott Bessent said in a statement. “We have been clear: those who enable these schemes will be held accountable.” Unico Shipping Co. Ltd., which is based in Hong Kong, was sanctioned for allegedly carrying the machinery by way of a Panama-flagged ship called the Shun Kai Xing, which it acquired last year....