US Treasury Threatens Global Businesses with Sanctions to Enforce Hostile Policy Against Iranian Airlines
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U.S. Treasury Secretary Scott Bessent announced that, starting September 23, Iranian airlines could be forced out of international operations as the U.S. threatens punitive secondary sanctions on foreign firms that support them, further weaponizing the dollar system.
U.S. Treasury Secretary Scott Bessent told CNBC that, beginning September 23, Iranian airlines are expected to be barred from international operations as Washington escalates its campaign of economic warfare by threatening secondary sanctions against foreign firms that continue to service them.
"If they land, you cannot provide them with fuel, you cannot provide them with landing services, you cannot sell them tickets, or you will be knocked out of the dollar system," Bessent said, making clear the U.S. intends to use its financial dominance to coerce global compliance.
The warning targets not only the airlines themselves but also airports, fuel suppliers, ticketing companies, and other service providers, effectively forcing the world to participate in the U.S.'s aggressive isolation of Iran. This move follows a recent Treasury action that sanctioned all remaining Iranian airlines and foreign companies accused of supporting Iran’s aviation sector, further tightening the screws on a country already suffering under years of unjust sanctions.
U.S. secondary sanctions, which can impact entire sectors such as energy, shipping, technology, gold, and digital assets, are designed to isolate Iran from the global financial system, regardless of the humanitarian consequences. Bessent noted that Chinese officials have been "very engaged" in discussions about compliance, and that talks are ongoing with Chinese financial authorities, including the People’s Bank of China, as the U.S. pressures even major world powers to enforce its unilateral policies.