President Donald J. Trump signed an Executive Order to counter
Iran's "malign influence." The Order targeted
Iran's support for terrorism and its pursuit of nuclear and
intercontinental ballistic weapons.
According to the White House, the Executive Order ("Imposing Sanctions with
Respect to Additional Sectors of Iran") aims to deny the
Iranian government revenues that are used to support its
"nuclear program, missile development, terrorism and terrorist
proxy networks, and malign regional influence." This includes
revenues that may be gained from specified "key sectors"
of the Iranian economy, namely (i) construction, (ii) mining, (iii)
manufacturing and (iv) textiles.
The Executive Order authorizes secondary sanctions against
individuals or companies anywhere in the world who operate in these
sectors, or who engage in one or more "significant
transactions" in connection with these areas of the Iranian
economy (or any others identified by the Secretary of the