The US Treasury Department on Thursday unveiled sanctions against the Iranian metallurgical sector, blacklisting several companies including subsidiaries of the country's main steel producer.
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All tagged metals
◢ The Trump administration imposed new sanctions on Iran on Friday, including penalties on the Islamic Republic’s metals and some senior leaders, following Tehran’s attack on U.S. military bases. The sanctions target the nation’s steel industry, as well as eight senior Iranian officials and other sectors of the economy.
◢ The Trump administration plans to strengthen enforcement of Iran sanctions now that it’s driven oil exports down to unprecedented lows, with a plan to increase pressure on global shippers, Chinese state-owned enterprises and exporters of raw materials used in metal production.