President Authorizes Secondary Sanctions Related to Iran’s Metals Sector
On May 8, 2019, President Donald Trump issued a new executive order, “Imposing Sanctions with Respect to the Iron, Steel, Aluminum, and Copper Sectors of Iran” (the “Order”). The Order expands the Iranian sanctions program and authorizes the imposition of blocking sanctions on any person determined to be engaged in certain business dealings involving the Iranian iron, steel, aluminum, and copper sectors (the “Iranian Metals Sectors”).