Imposing Sanctions With Respect to the Iron, Steel, Aluminum, and Copper Sectors of Iran
Executive Order 2019-09877
|Signed on May 9, 2019
45th Presidency
What it means
President Trump imposed sanctions targeting Iran's iron, steel, aluminum, and copper sectors. The order blocks property of individuals operating in these sectors and prohibits transactions with them, aiming to deny Iran revenue that could fund weapons proliferation and terrorism.
Expected impact
- Increased economic pressure on Iran by targeting major non-oil export sectors that provide significant revenue
- Potential harm to Iran's manufacturing and construction industries which rely on these metals
- Further isolation of Iran from international markets and financial systems
- Companies worldwide will face additional compliance requirements when dealing with Iranian metal sectors
- Possible acceleration of economic hardship for Iranian citizens