U.S. Sanctions Impact Trade of Spark-Ignition Engines with Iran
The United States has tightened sanctions on Iran, further restricting the trade of goods, including spark-ignition internal combustion piston engines (HS Code: 8407.31-8407.34), due to ongoing geopolitical tensions.
2023-05-15
Impact: Trade of spark-ignition engines between the U.S. and Iran remains virtually non-existent due to comprehensive sanctions, with no direct exports or imports recorded.
Iran Seeks Alternative Markets Amid U.S. Trade Barriers
Iran has been exploring alternative markets in Asia and Europe for spark-ignition engines and other industrial goods as U.S. sanctions continue to block direct trade.
2023-03-10
Impact: U.S.-Iran trade in this category remains blocked, pushing Iran to source engines from non-U.S. markets, reducing any potential for bilateral trade.
U.S. Treasury Updates Sanctions List, Maintains Restrictions on Iran
The U.S. Department of the Treasury updated its sanctions list, reaffirming strict controls on trade with Iran, including industrial equipment like spark-ignition engines.
2022-11-20
Impact: Continued sanctions ensure that trade in spark-ignition engines between the U.S. and Iran is prohibited, with severe penalties for violations.
