US sanctions Iran’s major automakers, rail firms under new rules from October 1
- On Thursday, the United States expanded its sanctions framework to cover Iran's automotive and rail sectors, allowing Washington to target entities operating within these industries to address what officials described as an "unusual and extraordinary threat."
- President Donald Trump and Treasury Secretary Scott Bessent launched the measures under "Operation Economic Outcast," a sanctions effort touted as Iran's "economic D-Day" when unveiled in late August to hobble Tehran's financial lifelines.
- Treasury officials added major entities to the sanctions blacklist, including Iran Khodro, Pars Khodro, Saipa, Zamyad, Iran Railway Company, and Raja Passenger Trains Company.
- OFAC extended penalties to Iran-linked firms in Hong Kong, China, the UAE, Indonesia, Germany, and Turkey, as placement on the Specially Designated Nationals List generally blocks property interests within US jurisdiction.
- Bessent stated that "Today's action directly targets Iran's enablers and lays the groundwork for the United States and our partners to drain the regime's revenue once and for all.
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The United States (US) Treasury Department has reimposed sanctions on Iran, this time targeting the automotive and railway sectors.
U.S. Imposes New Sanctions, Targets Iran's "Remaining Industrial Lifelines"
(The Epoch Times)—The U.S. government imposed additional sanctions against Tehran on Oct. 1, targeting Iran’s automotive and rail industries as the Trump administration continues to pressure the regime to make a deal. The sanctions, which the Treasury said will target “some of the last significant elements of Iran’s failing industrial infrastructure,” came as part of […] The post U.S. Imposes New Sanctions, Targets Iran’s “Remaining Industrial L…
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