U.S. Sanctions Iran's Automotive and Rail Networks to Curb IRGC Financing
Published
The U.S. Treasury announced new sanctions on Thursday against Iranian automotive, railway and industrial networks, saying they provide revenue and logistics for the regime and the Islamic Revolutionary Guard Corps. Two new sectoral determinations target Iran's automotive and rail sectors under an existing executive order. The designations include Iran Khodro, SAIPA, the state-owned Iranian railway company and foreign suppliers in Indonesia, the United Arab Emirates, Türkiye and Hong Kong. Treasury Secretary Scott Bessent said the measures seek to drain regime revenue, while the release also identifies steel and machinery networks supporting Iran's industrial capacity.