Washington: The Trump administration Tuesday imposed sanctions on additional elements of Iran’s aviation industry, targeting more than two dozen commercial and private airlines as well as foreign cargo service providers in its new push to isolate Tehran from its remaining trading partners.
The latest actions are part of the Trump administration’s Operation Economic Outcast campaign that is aimed at severing “critical financial lifelines” for the already heavily sanctioned Iranian government. The new penalties target the remaining facets of Tehran’s already beleaguered aviation ecosystem, which Washington has sanctioned for years.
“Let this be a warning to anyone doing business with Iran’s remaining airlines, all of which we sanctioned today: You are at risk of being cut off from the global financial system,” Treasury Secretary Scott Bessent said in a press release.
The Trump administration accused the 36 entities targeted this week of supporting the Islamic Republic’s efforts to use its aviation sector to move weapons, personnel, and illicit cargo. The moves will subject foreign firms and governments that do business with the targeted entities to sanctions themselves, including a freeze on any assets they may have in US jurisdictions.
The administration also claimed that private entities based in Turkey, the United Arab Emirates, Kazakhstan and Malaysia have provided parts and logistics services to Iran’s Mahan Air. The major airline, which flies from Tehran to a few dozen destinations in Asia, Europe and the Middle East, has been subject to US counterterrorism sanctions since 2019 for its support for Iran’s paramilitary Revolutionary Guard, which the State Department has designated a foreign terrorist organisation.
The airline was first targeted by the US under the Obama administration in 2011, when it accused Mahan Air of being used to send weapons to Iranian proxies in Lebanon and Yemen.
The latest sanctions campaign is part of a two-pronged economic and military approach by President Donald Trump as he struggles to bring an end to a more than six-month-old war with Tehran.
Last week, the US announced penalties against Golden Global Yatirim Bankasi Anonim Sirketi, a Turkish bank, which it accused of being established to enable Iran’s efforts to transfer oil revenues from China to Turkey, where they could then be converted to cash and gold.
The US also said the institution “knowingly offered” banking services to Iranian financial entities, including those already sanctioned by the US government in 2022 for funnelling Tehran’s oil sales.
An Egyptian bank’s operations in the United Arab Emirates were also limited last month as part of the campaign, but the administration stopped short of imposing sanctions as it grapples with how to sever Iran’s economic footprint without upending the global financial system.
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