U.S. Treasury warns partners to cut Iran ties
A senior U.S. treasury official who previously worked at Citi visited more than 50 countries to press them to cut transport and banking ties with Iran, prompting Oman, the UAE, Turkey, the U.K. and others to block Iranian airlines and restrict transactions by banks such as Bank Melli and Bank Mellat. The moves further constrict Tehran's access to regional air routes and financial plumbing, adding to existing U.S. sanctions and a naval blockade, while Iran still maintains some links to China and Russia; the immediate result is tighter economic isolation and potential disruption to regional trade and shipping.
Multiple countries have cut flights and bank links with Iran.
Context
The United States has applied sanctions and maintained a naval blockade on Iran. A treasury official then urged partners to sever flights and bank links. Some countries responded with bans and transaction restrictions and more steps could…
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