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US Targets Iran Airlines With New Sanctions

Bloomberg Markets •
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The US Treasury Department's Office of Foreign Assets Control added numerous Iranian airlines to its specially designated nationals list as part of a new sanctions effort from the Trump administration. The action targeted firms in Turkey and the United Arab Emirates that have supported Iran's Mahan Air, which has continued flights to destinations in the Middle East and China. Despite these measures, the sanctions haven't yet appeared to have much impact on Tehran's main trading partners.

The Treasury targeted entities supporting Iran's aviation sector amid ongoing geopolitical tensions.