The Treasury Department on Thursday sanctioned Iran's automotive and rail sectors as part of the Trump administration's wartime effort to hobble Tehran by cutting off its remaining financial lifelines . Several companies connected to Iran's metals industry, including the Chinese subsidiary of Middle East machinery company HEPCO, are also being designated by the Office of Foreign Assets Control, Treasury said in a news release . The action is the latest to come from "Operation Economic Outcast," the beefed-up sanctions effort that President Donald Trump and Treasury Secretary Scott Bessent touted as Iran's "economic D-Day" when it was unveiled in late August.
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