New U.S. Sanctions Target Iran’s Automotive and Rail Sectors

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The United States Department of the Treasury has announced a new set of sanctions against Iran. These sanctions were posted in the Federal Register on October 13, 2026. The Office of Foreign Assets Control, also known as OFAC, has made this announcement.

The sanctions are based on an Executive Order from January 10, 2020. This Executive Order is known as E.O. 13902. The order allows the U.S. government to block and control certain properties related to Iran.

The new sanctions apply to the automotive and rail sectors in Iran. This means that any person who is found to be working in these sectors could have their property and interests blocked by the United States. This is to protect the national security and economy of the United States.

These sanctions took effect on October 1, 2026. The decision was made by the Director of OFAC, Bradley T. Smith, in consultation with the Department of State.

The specific rules are outlined in the Code of Federal Regulations. More details about these sanctions can be found on the OFAC website.

These actions show a continued effort by the U.S. to place pressure on Iran due to concerns about its activities that threaten U.S. interests. This determination is part of a broader policy to use economic measures to address international security concerns.

If you have further interest, you can visit the OFAC website for more information.

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