The Economic Times

US sanctions Irans major automakers, rail firms under new rules from October 1

Washingtons latest Iran squeeze runs on wheels: The United States has imposed new sanctions targeting Iran's automotive and rail industries as of October 1. Major Iranian automotive companies such as Iran Khodro and Saipa are on the sanctions blacklist. Additionally, Iranian railway entities including the Islamic Republic of Iran Railway Company have also been sanctioned. This framework allows blocking sanctions on designated companies and individuals in these sectors.