Iran regional confrontation

US Treasury designates Iran's automotive and rail sectors and their two largest automakers

DIPLOMACY
Location
Iran
Actors
United States · Iran
Importance
Standard

The US Treasury Department issued two additional sectoral sanctions determinations under Executive Order 13902 covering Iran's automotive and rail sectors, authorizing OFAC to sanction any entity or person operating in them. The designations covered Iran's two largest automakers, Iran Khodro and SAIPA, the state-owned Islamic Republic of Iran Railway and two other rail firms, plus foreign suppliers and facilitators.

Verification: Confirmed

Evidence: Operation Economic Outcast Targets Iran's Remaining Industrial Lifelines, US issues new sanctions targeting Iran's rail, auto sectors

Official Treasury press release plus independent newsroom reporting of the designation.