A Boeing 747 belonging to Iran’s Mahan Air, pictured at Mehrabad Airport in western Tehran, Iran, on October 16, 2024 (top).
Morteza Nicobazul | Nur Photo | Getty Images
The Treasury Department on Tuesday sanctioned 27 Iranian airlines and a handful of other companies as part of continued efforts to isolate Iran’s economy.
The move comes as the Iranian government and its proxies continue to launch attacks in the Strait of Hormuz and surrounding areas, further drawing other countries into the United States’ more than six-month war and increasing pressure on global energy prices.
The latest US action under “Operation Economic Purge” targets all Iranian airlines not already sanctioned.
“This is a warning to those doing business with the remaining Iranian airlines we sanctioned today: You are at risk of being cut off from the global financial system,” Treasury Secretary Scott Bessent said in a statement.
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