Iran

Policy & Legal Updates

US Reports Progress on Iran Isolation as UAE Restricts Flights and Banking Links

US Treasury Secretary Scott Bessent announced that global diplomatic pressure has yielded restrictions on Iranian aviation and banking networks. The UAE has suspended all flights by Iranian airlines and blocked transactions via Bank Melli branches, while smaller Iranian carriers continue operating routes to China. Turkey and Oman have also halted flights from Mahan Air, and Turkey revoked Bank Mellat's operating license.

Policy & Legal Updates

UAE and Turkey Bar Iranian Lenders and Ground Flights Amid US Pressure

The United Arab Emirates and Turkey have barred Iran's two largest private lenders from operating and grounded Iranian airlines amid an intensifying US economic pressure campaign. The UAE also moved to halt commercial exchanges and financial transactions with Tehran following maritime security tensions. The measures target a critical trade partner that supplied 31% of Iran's imports in 2024.

Policy & Legal Updates

US Treasury Cites UAE and Regional Curbs in Iran Economic Isolation Drive

US Treasury Secretary Scott Bessent claimed that global diplomatic efforts to economically isolate Iran are showing results following recent banking and aviation curbs. The UAE has suspended all flights by Iranian airlines and blocked transactions through local branches of Iran's Bank Melli. Turkey and Oman have halted Mahan Air flights, while smaller Iranian carriers continue operating routes to China.

Policy & Legal Updates

US Treasury Cites UAE and Regional Restrictions in Iran Sanctions Campaign

US Treasury Secretary Scott Bessent stated that international diplomatic pressure has led regional partners to impose banking and aviation restrictions on Iran. The measures include flight bans on Iranian carriers by the UAE, Turkey, and Oman, alongside UAE Central Bank transaction blocks on Iran's Bank Melli. US officials reiterated warnings that foreign entities servicing Iranian aircraft face secondary sanctions risks.