US sets Sept 23 shutdown for Iran airlines; Bessent warns non-compliant entities will be ‘knocked out of dollar system’
US Treasury Secretary Scott Bessent announced that Iranian airlines will be globally shut down by September 23. Countries allowing Iranian aircraft to land may face secondary sanctions, including exclusion from the dollar system.
US Treasury Secretary Scott Bessent announced on Monday that all Iranian airlines will be shut down globally by September 23rd. In an interview with CNBC, Bessent threatened countries allowing Iranian aircraft to face secondary sanctions. He warned that if any airport services Iranian aircraft, they cannot provide fuel, landing services, or sell tickets to these airlines, resulting in being removed from the dollar system.
This threat followed his discussions with Chinese Vice Premier He Lifeng on Sunday night. Bessent also mentioned productive talks with Chinese financial authorities, including People's Bank of China Governor Pan Gongsheng, regarding compliance with US sanctions on Iran. Chinese officials were described as "very engaged" in the economic pressure campaign against Iran.
Earlier this year, the Treasury placed 27 Iranian airlines on its Specially Designated Nationals List, targeting all commercial carriers in the country and accusing Iran's Islamic Revolutionary Guard Corps of using private airlines for weapon procurement and personnel transfer.
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