Treasury / OFAC
Treasury sanctions Iran’s auto and rail sectors
On Oct. 1, 2026, Treasury’s Office of Foreign Assets Control opened Operation Economic Outcast against Iran’s automotive and rail sectors. The release says: “OFAC is issuing two additional sectoral sanctions determinations pursuant to Executive Order (E.O.) 13902 targeting Iran’s automotive and rail sectors.” The Legal instrument Adds Iran’s automotive and rail sectors to Executive Order 13902 coverage starting Oct. 1, 2026. Legal instrument Lets Treasury block property of people who operate in named Iranian economy sectors and can hit foreign banks that do significant business with those sectors.Oct. 1, 2026 OFAC automotive and rail determination
Executive Order 13902 — Imposing Sanctions With Respect to Additional Sectors of Iran
Full story and sources · 3 primary sources