Geostrategic Daily

The Straits Times · 27 September 2026

US Treasury chief Bessent claims successes in isolating Iran

US Treasury Secretary Scott Bessent said on Sept 26 that he had sent envoys around the world to press countries to economically isolate Iran, citing new restrictions on Iranian airlines and banks. Turkey and Oman halted incoming flights from Mahan Air and the United Arab Emirates stopped all flights by Iranian airlines, while Iran's ISNA news agency reported that Azerbaijan, Georgia, Iraq, Oman and the UAE had revoked Iranian flight permits. ISNA said flights to China and Russia continued, and the UAE central bank blocked transactions to and from Iran by branches of Bank Melli.

Why it matters: The reported measures show the sanctions theme in practice, with US pressure routed through third-country aviation and banking restrictions rather than direct US action alone.

sanctions export controls · great power rivalry

Record

Source
The Straits Times (tier 1)
Published
27 September 2026
Link
https://www.straitstimes.com/world/united-states/us-treasury-chief-bessent-claims-successes-in-isolating-iran
Content depth
full
Regions
asia-pacific, europe-eurasia-mena
Subregions
gulf, china, russia
Actors
US Treasury, Iran, Turkey, UAE, China, Russia
Also reported by
Asharq Al-Awsat (English)
Edition
2026-09-28

Grounding

Verbatim spans from the source text that support the summary above.

teams were dispatched across the globe to engage with countries and demand action against the Iranian regime
five countries had revoked the Islamic republic’s flight permits: Azerbaijan, Georgia, Iraq, Oman and the UAE
the UAE central bank blocked transactions to and from Iran by branches of Iran’s Bank Melli