US announces new sanctions against Iran targeting rail, automotive sectors and Russia-linked alleged shadow banking network

▪ Treasury Secretary Scott Bessent says 'Today's action directly targets Iran's enablers and lays the groundwork for the United States and our partners to drain the regime's revenue once and for all'

▪ Sanctions target Iran's two largest automakers, Iran Khodro and SAIPA, and several subsidiaries

▪ Islamic Republic of Iran Railway Company and two other rail firms also sanctioned, while automotive and rail sectors added to sectoral sanctions determinations