EconomyUS sanctions target Iran’s auto, rail sectors after blockade chokes shipping lanes

The Trump administration imposed fresh sanctions on Iran on Thursday, targeting rail and automotive conglomerates as well as international suppliers to those industries. The Treasury Department described the measures as the latest US effort to economically isolate Tehran after a blockade choked shipping lanes.

US sanctionsIranautomotive sectorrail sector

RReuters★★★★☆2026-10-01 18:00Original