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Treasury Department sanctions Iran’s automotive and rail sectors, areas Tehran has increasingly relied on due to blockade

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 s

Republican Ledger staff · 3:03 PM ET

Treasury Department sanctions Iran’s automotive and rail sectors, areas Tehran has increasingly relied on due to blockade
The Republican Ledger

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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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