Iran has reportedly placed large orders for ballistic missile components from China, according to sources familiar with the matter, as it works to strengthen its military capabilities while engaging in nuclear discussions with the U.S.The shipments, which include tons of ammonium perchlorate—a key propellant for missiles—are expected to arrive in Iran in the coming months. Sources say the materials could support the production of hundreds of ballistic missiles, with some potentially diverted to allied groups in the region such as Yemen’s Houthis.As nuclear talks with the Trump administration remain tense, Iran is simultaneously building up its regional influence and weapons stockpiles. It continues to increase its reserves of highly enriched uranium and has dismissed the idea of negotiating any constraints on its missile development program.Wall Street Journal (gated) with the report. This article was written by Eamonn Sheridan at www.forexlive.com.