U.S. Treasury targets more than 100 individuals and entities across Iran’s automotive, rail, steel and financial sectors for allegedly supporting sanctions evasion and illicit trade

Treasury also designated companies involved in supplying Iran from jurisdictions including the UAE, Türkiye, Indonesia, Hong Kong and China. The action forms part of the broader Operation Economic Outcast campaign and is particularly relevant for firms assessing indirect and third-country exposure: Treasury explicitly warns that businesses facilitating Iranian sanctions evasion or money laundering risk exclusion from the U.S. financial system…