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The Wall Street Journal

Policy & Legal Updates
Source: Roya News

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
Source: The Straits Times

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.

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