What Happened
Global Pressure Mounts on Iranian Airlines and Banks
US Treasury Secretary Scott Bessent has announced successes in isolating Iran, citing the halt of incoming flights from private carrier Mahan Air by Turkey and Oman, and the stoppage of all flights by Iranian airlines by the United Arab Emirates. Additionally, banking restrictions have been imposed on Iran’s banks, with the UAE central bank blocking transactions to and from Iran by branches of Iran’s Bank Melli. Despite these efforts, smaller Iranian carriers continue to operate international routes, particularly to China, which resists US demands. This development was reported by an unknown source.