What Happened
Treasury Department Targets Aviation Sector With Sweeping Sanctions
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned 36 targets tied to Iran’s aviation sector, including covert front companies and deceptive transshipment routes, as part of Operation Economic Outcast. The action also targets third-country firms that facilitate US-sanctioned Mahan Air’s proliferation activity and illicit procurement of US-origin aircraft. According to Eurasia Review, the move is part of a broader effort to sever the economic lifelines that sustain the Iranian regime.