The U.S. Treasury Department announced expanded sanctions under Operation Economic Outcast, designating Iran's rail and automotive sectors under Executive Order 13902. The measures penalize dozens of entities, including suppliers and financial intermediaries based in the UAE, China, Hong Kong, Turkey, and Germany. The action also targets heavy machinery, steel export channels, and the Russia-linked A7 shadow banking network.
The U.S. Financial Crimes Enforcement Network has issued a proposed rule to designate Banque Misr UAE as a primary money laundering concern under Section 311 of the USA PATRIOT Act. The proposal seeks to sever the bank's U.S. correspondent banking access in connection with Treasury's Operation Economic Outcast targeting Iranian illicit finance networks. Public comments on the proposed rulemaking remain open until October 1, 2026.
Qatar Airways has released an updated passenger security advisory concerning the carriage of power banks and lithium batteries. Passengers are limited to two power banks not exceeding 100 Watt-hours, which must be kept in carry-on baggage. In-flight charging is strictly prohibited, and failure to comply may result in denied boarding and legal action.
All Iranian commercial flights to Türkiye are expected to halt in early October due to expanding U.S. sanctions targeting Iranian civil aviation. The expected stoppage follows flight permit revocations by the UAE, Oman, Iraq, Azerbaijan, and Georgia.
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