Treasury / OFAC · Friday, October 2, 2026
Treasury sanctions Iran’s auto and rail sectors
The File desk · Oct 2, 2026, 10:20 AM UTC
Status
Confirmed (Treasury press release sb0643, Oct. 1, 2026; OFAC recent actions the same day)
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
On Oct. 1, 2026, the Treasury Department posted Operation Economic Outcast.
The Office of Foreign Assets Control is the office that issued the sanctions.
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 authority is 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.Executive Order 13902 — Imposing Sanctions With Respect to Additional Sectors of Iran
The Legal instrument Adds Iran’s automotive and rail sectors to Executive Order 13902 coverage starting Oct. 1, 2026.Oct. 1, 2026 OFAC automotive and rail determination
Named targets include the automakers Iran Khodro and SAIPA.
The package also names rail firms, metals and mining targets, and foreign suppliers.
Property of the designated persons is blocked for U.S. persons.
The same day’s recent-actions page and the determination PDF are linked with the press release.
What is still unknown or disputed
- A complete name-by-name list beyond Iran Khodro, SAIPA, and the categories of rail, metals, mining, and foreign suppliers.
Primary sources
Every claim in this story is drawn from the documents below. If a fetch failed, that is recorded on the card.
Source 1
Treasury sanctions Iran’s automotive and rail sectors
U.S. Department of the Treasury · October 1, 2026
Press release sb0643, Oct. 1, 2026. “OFAC is issuing two additional sectoral sanctions determinations pursuant to Executive Order (E.O.) 13902 targeting Iran’s automotive and rail sectors.” Targets include Iran Khodro, SAIPA, rail firms, metals and mining, and foreign suppliers. Property blocked for U.S. persons.
https://home.treasury.gov/news/press-releases/sb0643
Source 2
OFAC recent actions, Oct. 1, 2026
Office of Foreign Assets Control · October 1, 2026
Recent-actions page for the Oct. 1, 2026 determinations and designations.
https://ofac.treasury.gov/recent-actions/20261001
Source 3
Oct. 1, 2026 sectoral determination (PDF)
Office of Foreign Assets Control · October 1, 2026
The
underLegal instrument
Oct. 1, 2026 OFAC automotive and rail determination
Adds Iran’s automotive and rail sectors to Executive Order 13902 coverage starting Oct. 1, 2026.
.Legal instrument
Executive Order 13902 — Imposing Sanctions With Respect to Additional Sectors of Iran
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.
https://ofac.treasury.gov/media/937086/download?inline=