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21 Sept 2026, 14:11

Scott Basset, the U.S. Treasury Secretary, announced on Monday, September 30, in an interview with CNBC that pressures on the Islamic Republic have reached their highest level, and starting from September 23 (October 1), all Iranian airlines worldwide will be grounded.

Basset pointed out the new measures from the Treasury Department, including in the areas of aviation, maritime, cryptocurrencies, and gold, stating that under this decision, if Iranian planes land, the provision of fuel, airport services, and ticket sales to them will be prohibited, and any entity that violates these regulations will be removed from the U.S. dollar system.

He also mentioned actions against financial supporters and regional and international "facilitators" of this regime, adding that three banks, including the second-largest bank in Egypt (Dubai branch), the thirtieth-largest bank in Turkey, and the second-largest bank in Russia, have been sanctioned and their activities will be halted due to the transfer of billions of dollars in favor of the Iranian government.

The U.S. Treasury Secretary emphasized that his government is fully committed to closing the economic loopholes supporting Tehran.
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The U.S. Treasury Secretary also stated that Chinese officials have been actively involved in discussions regarding the economic pressure campaign against the Islamic Republic. According to him, the U.S. has had positive negotiations with Chinese financial officials regarding compliance with sanctions against the Islamic Republic.
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