US imposes sanctions on 27 Iranian airlines
The United States has imposed sanctions on 27 Iranian airlines and several other entities as part of efforts to isolate Iran’s economy. CNBC reports, citing the US Treasury Department.
Restrictions on airlines
According to the outlet, the new restrictions were introduced as part of Operation “Economic Pariah.” They apply to all Iranian airlines that had not previously been under US sanctions.
US Treasury Secretary Scott Bessent said that companies and individuals doing business with the remaining Iranian air carriers risk losing access to the global financial system.
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Regional tensions and oil
CNBC notes that the sanctions were imposed amid attacks by Tehran and groups affiliated with it in the Strait of Hormuz and the adjacent region. According to the outlet’s assessment, this is drawing other countries into a war involving the United States that has lasted for more than six months and is increasing pressure on global energy prices.
Oil prices rose after Iran-linked militants in Yemen attacked several energy facilities in Saudi Arabia. CNBC reported that some operations at the facilities were temporarily suspended as a result.
