Bessent said treasury officials had been sent to different countries to press their governments to restrict dealings with Tehran.
Türkiye and Oman announced the cessation of Mahan Air flights to their countries.
US treasury secretary Scott Bessent has said Washington’s economic pressure campaign against Iran is beginning to affect the country’s international business links, pointing to restrictions imposed by Turkiye, Oman and the United Arab Emirates. Bessent said treasury officials had been sent to different countries to press their governments to restrict dealings with Tehran. “These efforts are delivering results. The UAE has halted all flights by Iranian airlines, and top commercial banks in the UAE and Türkiye have stopped transacting with Iran,” Bessent posted on X.
No regime stays in power for ever and Iran’s won’t either.
The Treasury says Operation Economic Outcast is designed to cut off the financial channels that support the Iranian government and the IRGC. It’s on much shakier ground than most people think,” Brooks said in his essay on the decline of the Iranian economy. Washington has also warned foreign institutions that continuing to facilitate transactions linked to Iran could expose them to US sanctions. “The drumbeat of negativity on the blockade and sanctions more broadly isn’t well informed. The economic picture in Iran is deteriorating rapidly and the US has easy ways to drastically ramp up Iran’s economic isolation. The diplomatic track remains uncertain. With Washington rejecting an Iranian proposal for a seven-day ceasefire as a starting point for negotiations, the conflict continues to carry both military and economic risks.