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China summit is Trump’s best chance to choke off Iran’s terror cash

A bombshell report this week laid bare a startling truth: Hong Kong is the lifeline for the Iranian regime and its terrorist proxies.

Hong Kong-registered shell companies are funneling billions of dollars in illicit oil revenue, along with weapons technology and surveillance tools, to the Islamic Revolutionary Guard Corps, fueling Tehran’s repressive military machine.

But more than two months into the war, not one of Iran’s most important financial enablers — in Hong Kong or anywhere else in China — has been taken offline.

It’s a glaring loophole in President Donald Trump’s “Economic Fury” and “Maximum Pressure” campaigns that he’s promised will break the regime.

So this week, as the president meets with Xi Jinping in Beijing, he should present the Chinese Communist Party with the bill for its continued support of Tehran’s terror.

Because China is weaker than it appears.

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Last week, China invoked its 2021 Anti-Foreign Sanctions Law for the first time, barring Chinese firms from complying with US sanctions on refineries processing Iranian crude.

At the same time, however, China’s financial regulator is reportedly telling the country’s top........

© New York Post