US sanctions Iran’s major automakers, rail firms under new rules from October 1
Treasury said the move lets Washington block firms operating in those sectors and added major automakers and rail companies to its sanctions list.
- 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.
49 Articles
49 Articles
BREAKING: Bessent's Treasury Slams Iran's Auto, Rail, and Steel Sectors in 'Economic D-Day' Offensive
The Trump administration's 'Operation Economic Outcast' escalates with fresh sanctions targeting Iran's largest automakers, state railway, and heavy manufacturing in a bid to starve the regime of revenue.
The U.S. Treasury Department announced that leading Iranian automotive companies Khodro and SAIPA, along with their partners, which are said to account for more than 90 percent of Iran's domestic automotive market, and some of the country's leading railway companies have been added to the sanctions list. The department also stated that sanctions were imposed on the A7 "shadow banking network," which is said to be linked to Russia and to help Ira…
U.S. Targets Iran’s Rail and Shadow Banking Networks as Maritime Blockade Tightens
The Trump administration expanded its economic campaign against Iran on Thursday, targeting the country’s rail system, major industrial companies and a Russia-linked shadow banking network that U.S. officials say has...
Today, Thursday, the United States Department of the Treasury announced a new package of sanctions associated with Iran, targeting railway and automobile sectors, as well as a banking network used to circumvent the sanctions imposed on Tehran.
The US Treasury Department imposed sanctions against Iran's car and rail sectors and several companies in the metal industry on Thursday, as part of a campaign by the Trump administration to reduce Tehran's funding sources, reports CNBC.
Treasury Department sanctions Iran's automotive and rail sectors
The Treasury Department announced on Thursday afternoon new sanctions levied against Iran’s leading automotive and railway companies in response to the Islamic Revolutionary Guard Corps’ use of both to evade the U.S. naval blockade. These sanctions are the latest in Operation Economic Outcast, which is the name given to the department’s ongoing effort to squeeze […]
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