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[INTERNATIONAL] · United Arab Emirates, Oman, Türkiye, United States, Iran · 13 sources

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US Treasury Secretary claims success in economic isolation of Iran FAST-MOVING

US Treasury Secretary Scott Bessent has announced that the 'Operation Economic Outcast' campaign is successfully isolating Iran through coordinated international pressure. The campaign aims to sever financial and transport lifelines used by the Iranian regime and the IRGC.

Key actions include the cessation of Mahan Air flights by Türkiye and Oman, and the suspension of all Iranian airline flights by the United Arab Emirates. In the banking sector, the UAE central bank has blocked transactions involving branches of Bank Melli due to concerns regarding money laundering and terrorism financing. Additionally, Turkish regulators have revoked the license of Bank Mellat.

Treasury officials, including Assistant Secretary Jonathan Burke, have conducted extensive diplomatic efforts across the Middle East and Europe to secure cooperation. The US Treasury reports having held discussions with over 50 countries to implement these measures.

Entities

Bank Mellat · Bank Melli · Jonathan Burke · Mahan Air · Scott Bessent · US Treasury Department · United States Department of the Treasury

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about 4 hours ago
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