Treasury targets Iran airlines as US steps up economic pressure campaign
The US has placed sanctions on 27 Iranian commercial airlines, part of 36 targets named on Tuesday over links to Iran's aviation sector. The Treasury also issued an alert for financial institutions to report procurement networks supporting Iran's aviation industry and suspended the ability of non-US airlines to fly US-origin or US-controlled aircraft into Iran. Treasury Secretary Scott Bessent warned that anyone doing business with Iran's remaining airlines risks being cut off from the global financial system.
Why it matters: This action is part of the Treasury's Operation Economic Outcast, a campaign to cut off Iran's economic lifelines, which is a key theme in the briefing on economic statecraft and sanctions.