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US Department of the Treasury Announces New Iran Sanctions

Economy

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Washington, September 08 (QNA) - The United States announced today new sanctions against Iran targeting the aviation sector and other companies, as part of a broad campaign to increase economic pressure on Tehran as the war in the Middle East enters its seventh month.

The US Department of the Treasury said the sanctions covered 36 commercial and private airlines and foreign companies providing cargo services, including Mahan Air.

The Treasury Department also issued an alert requesting financial institutions to report procurement networks supporting Iran's aviation sector and targeted regional companies that it said had helped Tehran acquire aircraft and sensitive US-origin technology.

For his part, US Treasury Secretary Scott Bessent said in a statement that the measures should serve as a warning to anyone dealing with the remaining Iranian airlines, all of which had been sanctioned that day, as those doing so risked being cut off from the global financial system.

The measures come as part of the Economic Outcast operation announced by Washington at the end of August, which, according to the Treasury Department, targets financial and commercial networks and channels that Iran uses to circumvent sanctions and obtain revenue and technology. (QNA)

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