US Hits Remaining Parts of Iran’s Aviation Sector with Sanctions in Latest Move to Isolate Tehran
The action targets airlines and support firms accused of helping Iran move weapons, personnel and illicit cargo, Treasury said.
- On Tuesday, the Treasury Department sanctioned 27 Iranian airlines, expanding the Operation Economic Outcast campaign to isolate the regime's aviation infrastructure from global markets.
- The administration accused 36 entities of supporting the Islamic Republic's efforts to transport weapons and illicit cargo, targeting intermediaries in Turkey, Malaysia, Kazakhstan, and the United Arab Emirates.
- Restrictions specifically impact Mahan Air, which has faced counterterrorism sanctions since 2019 for supporting the Revolutionary Guard, as the Treasury Department suspended three general licenses blocking overflight payments.
- Treasury Secretary Scott Bessent warned that entities doing business with these airlines risk being cut off from the global financial system, effectively removing the entire aviation sector from the market.
- Brent oil reached a seven-week high of $99 per barrel on Tuesday morning, while President Donald Trump insisted global oil prices "will drop precipitously" once the US wins the war.
119 Articles
119 Articles
The United States imposed new sanctions on dozens of Iranian aerospace companies on Tuesday as part of its economic crackdown on the country.
US targets Iran’s aviation sector with fresh sanctions
The United States has imposed sanctions on 27 Iranian airlines and several companies in other countries as Washington increases economic pressure on Iran. The US Treasury Department said the sanctions cover 36 targets accused of supporting Iran’s aviation sector, which it said is used to transport weapons, personnel and illegal cargo. The affected companies include […] US targets Iran’s aviation sector with fresh sanctions
The US is toughening its stance against Iran by targeting the entire aviation sector this time. In particular, an additional 27 companies operating locally and regionally were added to the already existing sanctions faced by Iran's main air carriers. The U.S. Treasury Department alleges that Iranian authorities are exploiting the aviation sector to transport weapons, personnel and illegal goods. In addition, the U.S. government has suspended avi…
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