[REVISION HISTORY]

US expands sanctions on Iran aviation, banking and crypto

Updated 13 times since CLSTR started tracking revisions of this situation.

What changed

2026-09-10 08:08 UTC → 2026-09-10 18:42 UTC · added ~~removed~~

The U.S. Treasury Department has ~~expanded economic pressure against Iran through~~ launched ‘Operation Economic Outcast,’ a campaign targeting ~~the nation’s~~ Iran’s aviation, banking, and cryptocurrency sectors. The sanctions include 36 entities, specifically blacklisting 27 commercial and private ~~airlines.~~ airlines, such as Mahan Air, Iran Aseman Airlines, Qeshm Air, and Zagros Airlines. Washington alleges these ~~carriers, including Mahan Air,~~ carriers are utilized by the Islamic Revolutionary Guard Corps (IRGC) to transport weapons, personnel, and illicit cargo. To disrupt procurement networks, the U.S. has sanctioned nine service providers and sales agents ~~located~~ in Türkiye, Malaysia, Kazakhstan, and the United Arab Emirates. These intermediaries are accused of helping Iran acquire U.S.-origin aircraft and sensitive technology, ~~such as~~ including the diversion of at least three Boeing 777s via the UAE and Oman. In a ~~recent~~ significant escalation, the ~~U.S.~~ Office of Foreign Assets Control (OFAC) has ~~implemented a total blockade on the Iranian aviation sector,~~ indefinitely suspended three general licenses, revoking previous exceptions that allowed foreign companies to fly American-made aircraft to Iranian destinations. On September 9, the U.S. further expanded sanctions targeting Iran’s military aviation sector, ~~specifically~~ identifying 36 individuals and entities across Turkey, the ~~United Arab Emirates,~~ UAE, Malaysia, and Kazakhstan. Among the new targets are three Turkish companies: Istanbul-based S Sistem Lojistik, accused of coordinating shipments of drone components and industrial equipment for Mahan Air; Sky Phoenix, based in Izmir, alleged to have mediated the transfer of U.S.-manufactured ~~aircraft via the UAE and Oman;~~ aircraft; and Mes Cargo, which reportedly acts as a commercial representative for Mahan Air. Parallel to the aviation crackdown, the U.S. sanctioned the Istanbul-based Golden Global Yatırım Bankası and two subsidiaries for facilitating IRGC-Qods Force transactions and moving oil revenue from China to Turkey. Expanding the scope to digital assets, ~~the Office of Foreign Assets Control (OFAC)~~ OFAC has designated the entire Iranian cryptocurrency sector as sanctionable. ~~In response,~~ Iranian officials have warned that continued pressure could lead to the establishment of a maritime exclusion zone in the Persian Gulf.

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