Imposing Sanctions With Respect to the Iron, Steel, Aluminum, and Copper Sectors of Iran
Headline: Sanctions Order Targets Iran's Iron, Steel, Aluminum, Copper Sectors
What it does: Agencies must block property and impose sanctions on persons and financial institutions tied to Iran's iron, steel, aluminum, and copper sectors.
- Freezes U.S. assets and prohibits U.S. transactions with listed Iran-linked metal firms.
- May bar foreign banks from using U.S. correspondent accounts for related transactions.
- Suspends U.S. entry for persons meeting the order's criteria.
Summary
This order blocks property and freezes U.S. dealings with people and companies operating in Iran's iron, steel, aluminum, and copper sectors and those who trade in those metals. It authorizes the Treasury to bar foreign banks from using U.S. correspondent accounts for transactions connected to these sectors, suspends U.S. entry for such persons, and prohibits donations or efforts to evade the sanctions.
Affected people include companies, traders, foreign banks, and individuals linked to Iran's specified metal industries. The stated goal is to deny Iran revenue that could fund weapons, terrorism, or regional aggression.
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