The U.S. Treasury has expanded Operation Economic Outcast with new sanctions on Iran’s automotive, rail, manufacturing and steel sectors.
Middle EastU.S.Business
Treasury says the measures are aimed at industries that have become more important to Iran as oil revenues fall under the U.S. maritime blockade.
The new sanctions cover major automakers including Iran Khodro, SAIPA, Iran Khodro Diesel, Pars Khodro, Zamyad, Niroo Motor Shiraz and Niroo Motor Damavand.
Foreign suppliers in Indonesia, the UAE, Türkiye and Hong Kong were also sanctioned for allegedly supplying automotive components to Iranian manufacturers and supporting their procurement networks.





