WASHINGTON: The United States on Thursday blacklisted four companies in Iran's metals sector, as well as one German and three Emirati subsidiaries of Iran's largest steelmaker that Washington said generate millions of dollars for Tehran's metals industry.
The sanctions are the latest U.S. effort to slash Iranian revenues since U.S. President Donald Trump withdrew in 2018 from the 2015 Iran nuclear deal, exacerbating U.S.-Iranian tensions. Mobarakeh Steel Co, previously blacklisted by Washington, accounts for 1per cent of Iran's gross domestic product, the Treasury said.The Treasury also blacklisted Iran-based aluminum, steel and iron producers South Aluminum Company, Sirjan Jahan Steel Complex and Iran Central Iron Ore Company.
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