US sanctions target Iran's railway and auto sectors

The U.S. Treasury Department has imposed new sanctions on Iran's rail and automotive sectors, as well as on foreign suppliers providing to these sectors. This move is part of an "economic exclusion" campaign aimed at cutting off the financial resources Iran uses to fund warfare activities, missile programs, and cyberattacks, by targeting Iranian and foreign companies that support these industries. This effort comes amid growing reliance on land transportation due to the maritime blockade, which has halted Iranian oil exports. The sanctions include Iran Khodro and Saipa, which together account for over 90% of the domestic automotive market, as well as Iran Railways and private passenger and freight trains. They also target foreign companies supplying these sectors. The overarching goal of these measures is to fully drain the Iranian regime’s revenues and broaden economic pressures against it.

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