Bank Melli

Policy & Legal Updates

US Treasury Cites Global Sanctions Push Affecting UAE Banking and Aviation Links

US Treasury Secretary Scott Bessent stated that global enforcement efforts have prompted regional measures against Iranian banking and aviation sectors. The UAE General Civil Aviation Authority suspended all Iranian carrier flights, while the Central Bank of the UAE implemented regulatory actions against local branches of Bank Melli. Authorities in Turkey and Oman also enacted flight and banking restrictions amid US warnings of secondary sanctions.

Policy & Legal Updates

US Treasury Reports Regional Aviation and Banking Measures Against Iran

US Treasury Secretary Scott Bessent announced that diplomatic pressure has prompted regional governments to introduce economic measures targeting Iran's banking and aviation sectors. In the Middle East, the UAE suspended Iranian carrier flights and placed regulatory restrictions on local branches of Iran's Bank Melli. US authorities warned that third-country entities servicing Iranian aircraft face exclusion from the US dollar system.

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.