US sanctions seven Hong Kong-based Chinese entities over Iran, Hezbollah

The US government on Friday sanctioned several Hong Kong-based companies and individuals based in China as part of Washington’s ongoing efforts to disrupt alleged terrorist activity related to Iran.The seven entities include PCA Xiang Gang Limited, Damineh Optic Limited, China 49 Group Co, Taiwan Be Charm Trading Co, Black Drop International Co, Victory Somo Group (HK) Limited, and Yummy Be Charm Trading (HK) Limited, according to a press release on the Treasury Department website.The…