US sanctions Iran’s rail and auto sectors to raise economic pressure
- The US imposed fresh sanctions targeting Iran’s rail and automobile sectors on October 2.
- Iran Khodro and SAIPA, which together account for over 90% of Iran’s domestic auto market, were targeted.
- Sanctions also cover Iran’s state railway and passenger and freight firms used to transport key goods.
- The action is part of Operation Economic Outcast, aimed at cutting Tehran’s revenue and war funding.
Source: ndtv.com
Get 100 stories a day on the app
Read, watch & listen · Free on iOS & Android
