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On October 1, 2026, the US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued a determination under Section 1(a)(i) of Executive Order (“EO”) 13902 that extends sanctions to the automotive and rail sectors of the Iranian economy, designated 28 entities and two individuals under its Iran-related authorities, amended FAQ 831 to broaden its description of the financial sector of the Iranian economy, and designated the Russia-linked A7 Network as a significant transnational…