The Trump administration expanded its economic campaign against Iran, imposing new sanctions on the country's automotive and rail industries while targeting foreign companies accused of helping Tehran sustain its industrial base and evade U.S. restrictions.
The Treasury Department said the measures are part of "Operation Economic Outcast," an intensified sanctions campaign launched in August to cut off revenue and financial channels available to the Iranian government amid the ongoing conflict. The latest action also reaches companies in China, Hong Kong, the United Arab Emirates, Turkey, Indonesia and Germany.
