Quartz·1 min read·medium
Treasury is sanctioning Iran's auto and rail industries as part of Operation Economic Outcast
✦AI Summary
The U.S. Treasury Department has imposed sanctions on Iran's automotive and rail sectors as part of 'Operation Economic Outcast.' The measures target domestic manufacturers and international suppliers across several countries.
Why it matters
Sanctions are a primary tool of U.S. foreign policy used to exert economic pressure on foreign regimes and their industrial supply chains.
The designations target Iran's two largest domestic automakers, three rail companies,…
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