US imposes sanctions on Iran’s auto and rail sectors — CNBC Top News

In the United States, the Treasury Department has imposed sanctions on Iran’s automotive and railway sectors. The restrictions became part of Operation Economic Outcast, aimed at cutting off Tehran’s access to financial resources.

New restrictions

As CNBC reports, the U.S. Treasury Department’s Office of Foreign Assets Control has also imposed restrictions on several companies linked to Iran’s metals industry. Among them is a Chinese subsidiary of the Middle Eastern engineering equipment manufacturer HEPCO.

This is another sanctions step within the intensified Economic Outcast campaign, introduced in late August. U.S. President Donald Trump and Treasury Secretary Scott Bessent called the campaign an economic D-Day for Iran.

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Bessent’s statement

Bessent stated that Operation Economic Outcast has significantly limited the Iranian regime’s ability to finance its war machine and spread terror around the world. According to him, the new sanctions target those who assist Iran and are intended to lay the groundwork for depriving the regime of revenue.

CNBC notes that it is currently unclear how tangible the impact of the new package of restrictions will be on Iran, which has already been under tough sanctions for many years.