Treasury imposes blanket sanctions on all Iranian airlines in latest economic pressure move
The U.S. Treasury Department has sanctioned 27 Iranian airlines and related entities, marking the most comprehensive U.S. action to date against Iran's civil aviation sector. This move, part of 'Operation Economic Outcast,' aims to sever Iran's economic lifelines and isolate its financial networks. The sanctions come amid heightened tensions in the Strait of Hormuz, where Iran and its proxies continue to disrupt shipping, contributing to rising global oil prices. While previous actions targeted specific companies, this blanket sanction threatens to halt all international flights into Iran, potentially exacerbating an already severe economic crisis in the country.