The U.S. Treasury Department sanctioned 27 Iranian airlines and several other entities on Tuesday as part of Operation Economic Outcast. The goal is to further isolate Iran’s economy amid ongoing attacks by Tehran and its proxies in the Strait of Hormuz and the surrounding region. Treasury Secretary Scott Bessent warned that any entity doing business with these newly sanctioned airlines risks being cut off from the global financial system. The sanctions come as the conflict increasingly entangles other countries and places upward pressure on global energy prices.
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