Treasury is sanctioning Iran's auto and rail industries as part of Operation Economic Outcast
The designations target Iran's two largest domestic automakers, three rail companies, and foreign suppliers in Indonesia, the UAE, Turkey, and Hong Kong
On Thursday, the US State Department announced additional sanctions targeting Iran's railway, automotive, and metals industries as part of Operation Economic Outcast. These measures aim to restrict entities in the Middle East, East Asia, and Europe that have allegedly assisted Iran in bypassing existing sanctions and maintaining access to global markets.
The US Treasury Department further expanded sector-based sanctions to include Iran's automotive and railway industries, empowering Washington to take action against related entities. The State Department stated that these measures are intended to limit resources Iran could use to support terrorism, jeopardize regional stability, and pursue military objectives.
Iranian leaders are accused of leveraging state-owned railway companies, automobile manufacturers, and metals producers to sustain their activities. The US is collaborating with other nations to block Iranian sources of illicit income and inform governments and businesses worldwide about the risks associated with commercial dealings with Iran.
Written by urgent.news from Arutz Sheva - Israel National News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- US expands Iran sanctions, targets rail, automotive and metals industries israelnationalnews.com
