In Short
The Situation: The Trump administration
announced a new round of sanctions on January 10, 2020, following
escalating tensions between the United States and Iran.
The Result: The new sanctions complement
existing sanctions that already target a wide swath of the Iranian
economy, including the automotive, energy, finance, metals, and
shipping sectors.
Looking Ahead: Non-U.S. companies contemplating
or engaged in business in Iran should review their activities and,
even if in sectors not yet identified, consider the risk of
sanctions on further sectors of the Iranian economy.
Following escalating tensions between the United States and Iran
capped by an Iranian missile strike on two U.S. air bases in Iraq,
the Trump administration announced a new round of sanctions on January
10, 2020. These sanctions target sources of revenue, including
major Iranian companies operating in the metals sector, that might
be "used to fund and support [Iran's] nuclear
