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| US Treasury ratchets up pressure on Iran with sweeping new aviation sanctions |
| 2026-09-09 |
| WASHINGTON, Sept 8 (Reuters) - The United States on Tuesday issued 36 Iran-related sanctions targeting the country's aviation sector and other companies as part of a broad push to escalate economic pressure on Tehran as the war in the Middle East has moved into a seventh month. The U.S. Treasury Department said the action was aimed at grounding Iran's Mahan Air, which was already sanctioned by the U.S. and the European Union, and expanding sanctions to all other Iranian airlines. The sanctions also took aim at covert front companies, cargo handlers, foreign intermediaries and deceptive trans-shipment routes that Washington says Iran relies on to obtain U.S.-origin aircraft and sensitive technology. The Treasury instructed financial institutions to report any procurement networks supporting Iran's aviation industry, while designating firms in Turkey, the United Arab Emirates, Malaysia and Kazakhstan that it said had helped Iran's airlines operate and Tehran acquire U.S.-origin aircraft and sensitive technology. Treasury's Office of Foreign Assets Control also suspended three Iran-related aviation authorizations that allowed overflights and permitted non-U.S. airlines to fly U.S.-origin or U.S.-controlled commercial aircraft into Iran. Miad Maleki, a former senior Treasury official and fellow at the Foundation for Defense of Democracies, said the suspension would hit air traffic from Dubai, Doha and Istanbul, shutting Tehran's main gateways to regional trade and finance. OFAC's action also closes previous carve-outs that allowed transport of safety parts, fuel and emergency repairs, he said. |
| Posted by:Skidmark |
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| Posted by: NN2N1 2026-09-09 10:12 |