Report
US sanctions Iranian automakers and rail companies amid Hormuz oil blockade
The Straits Times, carrying Reuters, reports Treasury says Iran has relied more on auto and rail transport since the blockade.
TLDR
The Straits Times, carrying a Reuters report, says the US imposed sanctions on October 1 targeting Iranian automakers Iran Khodro and SAIPA, several rail companies and international suppliers. The report says a US blockade on Iranian oil moving through the Strait of Hormuz has increased Tehran’s reliance on autos and rail to transport goods. Treasury says the sanctions target those alternatives.
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