U.S. Expands Sanctions Targeting Iran’s Metals Sector
On May 8, 2019, the one-year anniversary of his decision to end the United States’ participation in the Joint Comprehensive Plan of Action (“JCPOA”) with Iran, President Trump issued a new Executive Order “Imposing Sanctions with Respect to the Iron, Steel, Aluminum, and Copper Sectors of Iran” (the “Order”), as part of the administration’s ongoing “maximum pressure” campaign with respect to Iran. The Order, which seeks to deny the Iranian government revenue derived from the…