US Tightens Iran Sanctions | Oil Industry Under Pressure | Bessent Warns of Major Disruptions

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US Tightens Iran Sanctions | Oil Industry Under Pressure | Bessent Warns of Major Disruptions

US Treasury Secretary Scott Bessent has issued a strong warning that any cooperation with Iranian airlines now carries an increased risk of sanctions, marking a further escalation in US pressure on Iran’s aviation sector. The statement highlights that businesses, banks, insurers, and service providers dealing directly or indirectly with Iranian carriers could face serious penalties, including asset freezes, heavy fines, and legal action under OFAC regulations. The US Treasury’s Office of Foreign Assets Control continues to target transactions involving Iranian aviation, especially those linked to aircraft parts, maintenance, financing, and insurance services. Officials say the aim is to restrict financial channels that may support Iran’s broader military and regional activities, reinforcing Washington’s strict enforcement approach and tightening global compliance obligations for international companies.

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