Bessent Says Iranian Airlines Will Shut Down Amid Sanctions
The U.S. Treasury Department announced sanctions on all remaining Iranian airlines earlier this month.
TL;DR
- All Iranian airlines to be shut down globally on September 23.
- The U.S. will impose secondary sanctions on foreign entities serving Iranian airlines.
- Services like fuel, landing, and ticket sales will be prohibited for Iranian airlines.
- Violation risks removal from the U.S. dollar system.
- This is part of Operation Economic Outcast, aimed at isolating Iran's economy.
- New sanctions have been imposed against Iran and its financial lifelines.