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Dollar System

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Grounded Worldwide? US sanctions threaten to shut Iranian airlines
world1 hour ago

Grounded Worldwide? US sanctions threaten to shut Iranian airlines

US Treasury Secretary Scott Bessent warned that starting Sept. 23, Iranian airlines could be effectively shut out of international operations as Washington expands sanctions to target the aviation supply chain, including fuel, ground services and dollar access for carriers like Mahan Air and Iran Air. The move deepens Tehran’s aviation and economic woes, likely pushing up travel costs as global capacity declines, while some partners such as China and Russia are expected to push back and Tehran could retaliate by closing its airspace, signaling broader regional disruption and economic strain for travelers.

US Threatens Global Grounding of Iranian Airlines Through Secondary Sanctions
world1 day ago

US Threatens Global Grounding of Iranian Airlines Through Secondary Sanctions

The US Treasury warned that Iranian airlines could be effectively shut out of international travel starting Sept. 23, as secondary sanctions would cut airports, fuel suppliers, and ticketing firms off from the dollar system; the move, part of a broader pressure campaign amid the US-Israel conflict with Iran, follows prior sanctions and comes as China engages in talks on enforcement and compliance.