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US sanctions target Iran's auto, rail sectors after blockade chokes shipping lanes

Started 01 Oct, 18:46 1 events Updated 1h ago
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  1. Security01 Oct, 18:46

    US sanctions target Iran's auto, rail sectors after blockade chokes shipping lanes

    Washington, United States

    By Timothy Gardner WASHINGTON, Oct 1 (Reuters) - The Trump administration on Thursday imposed fresh sanctions on Iran, targeting its rail and automotive conglomerates and international suppliers to the sectors, the Treasury Department said, in the latest US push to isolate Tehran economically. The sanctions are part of the department's "Operation Economic Outcast," announced August 24, which aims to cut Tehran's funding for the war, missile construction, cyberattacks and the Islamic Revolutionary Guard Corps, or IRGC.

    Al-Monitor – The Pulse of the Middle EastThe Straits Times – World

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