Bessent sent bank insiders a message about Iran
Treasury Secretary Scott Bessent claims Iran's economy is collapsing and will shrink more than twenty-five percent under a U.S. blockade. Bessent urged Iranians to stop paying taxes and stock up on heating fuel. Hamid Bovard, caretaker of Iran's Oil Ministry, hit back at the warnings, advising Washington to focus instead on fuel prices for American consumers. Meanwhile, the Treasury department is targeting foreign banking channels to isolate Tehran, issuing its first-ever Bank Secrecy Act subpoena in an ongoing probe of an unnamed Greek bank and sanctioning Cuba's state-owned bank BICSA.
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- ✓ Treasury Secretary Scott Bessent stated that the Trump administration is intensifying U.S. sanctions and financial pressure on Iran to isolate Tehran's economy.
- ✓ Hamid Bovard, caretaker of Iran's Oil Ministry, criticized U.S. Treasury Secretary Scott Bessent over fuel shortage warnings.
- ✓ FinCEN issued its first-ever Bank Secrecy Act subpoena in a probe of an unnamed Greek bank.
- ✓ The United States sanctioned Cuba's state-owned bank BICSA over alleged financial links to Iran.
What changed
The U.S. Treasury issued its first-ever Bank Secrecy Act subpoena to an unnamed Greek bank and sanctioned Cuba's state-owned bank BICSA over alleged financial links to Iran.
Live updates
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Treasury Tightens Vise on Iran As Economy Shrinks
Treasury Secretary Scott Bessent claims Iran's economy is collapsing and will shrink more than twenty-five percent under a U.S. blockade. Bessent urged Iranians to stop paying taxes and stock up on heating fuel. Hamid Bovard, caretaker of Iran's Oil Ministry, hit back at the warnings, advising Washington to focus instead on fuel prices for American consumers. Meanwhile, the Treasury department is targeting foreign banking channels to isolate Tehran, issuing its first-ever Bank Secrecy Act subpoena in an ongoing probe of an unnamed Greek bank and sanctioning Cuba's state-owned bank BICSA.
Why it matters
The United States is escalating financial warfare against Iran through intense banking sanctions and public appeals aimed at crippling Tehran's revenue streams. These actions follow an energy supply shock that Treasury Secretary Scott Bessent previously linked to the ongoing conflict. International financial institutions are facing heightened scrutiny over alleged ties to Iranian networks.
What is confirmed
- Treasury Secretary Scott Bessent stated that the Trump administration is intensifying U.S. sanctions and financial pressure on Iran to isolate Tehran's economy.
- Hamid Bovard, caretaker of Iran's Oil Ministry, criticized U.S. Treasury Secretary Scott Bessent over fuel shortage warnings.
- FinCEN issued its first-ever Bank Secrecy Act subpoena in a probe of an unnamed Greek bank.
- The United States sanctioned Cuba's state-owned bank BICSA over alleged financial links to Iran.
Still unconfirmed
- Treasury Secretary Scott Bessent stated that Iran's economy will shrink more than twenty-five percent.
- Saudi Arabia is allegedly turning to Iran amid Houthi strikes.
- Havana accuses Washington of pressuring countries ahead of a UN vote on the US embargo against the island.
What to watch next
- Developments in the FinCEN investigation involving the unnamed Greek bank.
- The potential impact of the newly imposed sanctions on Cuba's state-owned bank BICSA.
- Further Treasury enforcement actions targeting foreign banking channels linked to Iran.
confidence 90%Sources used for this update (11)
- timesofindia.indiatimes.com — Saudi Arabia Turns To Iran Amid Houthi Strikes, Dealing Trump A Major Gulf Blow? - Times of India Videos
- www.wionews.com — US sanctions Cuban state-owned bank BICSA over alleged ...
- www.hellenicdailynewsny.com — US probes Greek bank over Iran ties and sanctions a law firm ...
- 247wallst.com — Bessent says Kharg Island has gone dark as Iran sanctions ...
- www.foxbusiness.com — Scott Bessent says Iran's economy is 'collapsing' as Treasury tightens financial vise - Fox Business
- www.cnbc.com — Treasury Secretary Scott Bessent's interview with CNBC on Oct ...
- www.ibtimes.com — Iran's Economy Keeps Grappling Under the U.S. Blockade ...
- transcripts.cnn.com — Now: Trump Campaigns In Mississippi, A State He Won By 23 Points; Republicans Backing Dems; Controversial Left-Wing Commentator Ap....
- tasnimnews.ir — Iranian Official Hits Back at Bessent over Fuel Shortage ...
- www.iranintl.com — Bessent urges Iranians to stop paying taxes, stock up on fuel ...
- www.iranintl.com — Bessent's tax boycott and fuel advice sparks debate among ...
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Bessent targets Iranian oil funding amid energy supply shock
Treasury Secretary Scott Bessent is targeting the financial networks supporting Iranian oil through a new round of sanctions. In a Meet the Press interview, Bessent stated that a war in Iran has caused an energy supply shock that is currently straining the US economy. He predicted that prices will decrease once the conflict ends. This financial offensive follows previous warnings to global banks and a 1.21 billion dollar penalty against Bank of America for sanctions violations and unreported suspicious transactions.
Why it matters
The US is using financial blockades to destabilize the Iranian economy by targeting currency and oil revenues. These actions occur as BRICS nations explore alternative payment systems to reduce reliance on the US dollar.
What is confirmed
- Treasury Secretary Scott Bessent is implementing sanctions against the funding sources for Iranian oil.
- Bessent stated that a war in Iran has created an energy supply shock straining the US economy.
What to watch next
- Evidence of BRICS nations adopting the renminbi for local-currency settlements
- Official Treasury reports on the impact of oil sanctions on Iranian revenue
confidence 90%Sources used for this update (4)
- beforeitsnews.com — Byington Bombshell Report:"Doctors, Big Pharma Poisoning You For Profit, Millions Have Died From Vax" Dr. Tenpenny | Politics | Be....
- finance.yahoo.com — Bessent tightens screws on Iran's banks as gas holds at $4.33
- www.nbcnews.com — Scott Bessent says prices will come down after Iran war: ‘we ...
- economictimes.indiatimes.com — SCOTT BESSENT WHITE HOUSE - The Economic Times
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Bessent Warns Global Banks as US Fines Bank of America $1.2 Billion
US Treasury Secretary Scott Bessent is intensifying financial pressure on Iran, issuing warnings to Canadian and global banks regarding sanctions compliance. This coincides with the Treasury Department imposing a $1.21 billion penalty on Bank of America for hundreds of sanctions violations and processing over $5 billion in unreported suspicious transactions. Bessent claims Iran is the biggest loser of current economic strategies, citing severe pressure on the regime's currency and oil revenues, while predicting that continued blockades and sanctions will further destabilize the Iranian economy.
Why it matters
The US is utilizing aggressive financial penalties and asset seizures to force Iranian concessions. This strategy targets both the Iranian state's reserves and the international banking infrastructure that facilitates Tehran's trade.
What is confirmed
- The US Treasury Department imposed a $1.21 billion fine on Bank of America for violating sanctions and anti-money laundering laws.
- Bank of America processed over $5 billion in unreported suspicious transactions.
- Treasury Secretary Scott Bessent issued a warning to Canadian and global financial sectors regarding Iran sanctions.
Still unconfirmed
- US authorities are likely to seize roughly one billion dollars in Iran-linked digital assets this week.
- Scott Bessent predicts that continued sanctions and a blockade could push the Iranian economy toward further collapse.
What to watch next
- Confirmation of the seizure of one billion dollars in Iranian crypto assets
- Response from Canadian financial regulators to the Treasury warning
confidence 90%Sources used for this update (11)
- thezvi.wordpress.com — AI #189: New Math | Don't Worry About the Vase
- www.americanbanker.com — BofA gets $1.21B penalty for money laundering
- www.youtube.com — Bessent: Iran is COLLAPSING - YouTube
- www.iranintl.com — Ghalibaf mocks Bessent over Iran predictions, rising US inflation
- www.indiastrategic.in — The New Foot Soldiers of Espionage: How ISI is Weaponizing Indian Social Media - India Strategic
- www.independent.co.uk — US hits Bank of America with $1.2 billion fine, saying it ...
- www.crowdfundinsider.com — US Treasury Secretary Bessent Says Authorities Likely To ...
- headlineusa.com — Bank of America Hit With $1.2 Billion Fine - Headline USA
- www.breitbart.com — military Articles - Breitbart
- www.vornews.com — US Treasury Warns Canada Banks Over Iran Sanctions
- www.europesays.com — Bessent Says Iran Is ‘Biggest Loser’ as US Economic Pressure ...
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Iran Defies US Financial Pressure as Strait Closure Persists
Iran refuses to yield to sweeping financial pressure from Washington, maintaining that the Strait of Hormuz will remain closed until Tehran conditions are met. An Iranian security official mocked Treasury Secretary Scott Bessent over his claims that economic strategies have crippled the regime, stating that threats will not force the reopening of Hormuz. Meanwhile, internal divisions plague Tehran as the central bank offers up to $2 billion in cash dollars to halt the collapse of the rial, sparking fierce debate over dwindling foreign reserves.
Why it matters
The standoff follows aggressive measures from the United States Treasury Department, which threatened international financial institutions with immediate sanctions for maintaining commercial ties with Iran. Treasury Secretary Scott Bessent previously claimed that global pressure and Operation Economic Outcast halted Iranian oil shipments and revenue. However, Tehran continues to push back both militarily through the closure of the strategic waterway and domestically via currency interventions.
What is confirmed
- Iran stated that the Strait of Hormuz will not reopen until its conditions are met.
- An Iranian security official mocked Treasury Secretary Scott Bessent, posting that Iran will not fail in the economic war and Hormuz will not open due to threats.
- Iran central bank is offering as much as $2 billion in cash dollars to the public to slow the rial slide.
What to watch next
- Whether international financial institutions comply with the Treasury Department sanction warnings
- Official announcements regarding the duration of the Strait of Hormuz closure
- The outcome of Iran central bank currency intervention on the rial
confidence 100%Sources used for this update (4)
- www.zerohedge.com — Iran reiterates that the Strait will not reopen until its conditions are met; European equities set for a....
- www.iranintl.com — Iran security chief mocks Bessent over economic pressure claims
- nymag.com — Trump’s Shameless Collaborators
- www.iranintl.com — Tehran divided over $2 billion plan to prop up rial
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Treasury Issues Urgent Sanctions Warning to Foreign Banks Over Iran
The United States Treasury Department issued an abrupt warning to international financial institutions, stating they risk immediate sanctions without advance notice if they continue commercial ties with Iran or its financial entities. Treasury Secretary Scott Bessent stated that ongoing global pressure and Operation Economic Outcast have crippled the Iranian regime's financial capabilities. Bessent declared that Tehran will have no oil on the water this week and zero revenues for the first time in history. Meanwhile, key international partners are enacting fresh restrictions targeting Iranian banks and airlines.
Why it matters
The escalating financial measures represent an intensified economic campaign aimed at severing Tehran from international commerce. Previous actions include blacklisting the Russia-backed A7 cross-border payments platform for processing illicit transactions and halting final oil shipments to China. These combined steps seek to completely drain the regime's funding streams.
What is confirmed
- Treasury warned foreign banks on Monday that they could face sanctions at any time without advance notice if they continue doing business with Iran or its financial sector.
- Treasury Secretary Scott Bessent stated that Iran will have no oil on the water this week and no revenues.
- Bessent credited Operation Economic Outcast with severely diminishing the Iranian regime's ability to fund its war machine.
- Key nations are enacting new banking and airline restrictions to isolate Iran globally.
What to watch next
- Any announcement of penalties against foreign banks for violating Iranian sanctions
- The enforcement and verification of the zero oil shipments claim
- Further international banking and airline restrictions implemented by global partners
confidence 100%Sources used for this update (4)
- www.iranintl.com — US aims to drain Iran’s remaining revenue, Bessent says after new sanctions
- theinsightinternational.com — US warns foreign banks they could be sanctioned without ...
- www.wionews.com — US Treasury Secretary Scott Bessent hails global ... - WION
- www.iranintl.com — Bessent says Iran will have 'no oil on the water' this week
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US Pressures Iran as Final Oil Shipments to China Conclude
Treasury Secretary Scott Bessent announced that Iran will wrap up its final oil shipments to China within a two-week window, leaving Tehran without trade items under ongoing economic pressure. In conjunction with this move, the Treasury Department blacklisted the Russia-backed cross-border payments platform A7 as a transnational criminal organization. The agency stated that A7 used front companies and sub-agents to help Iran and cybercriminals process illicit transactions and bypass Western banking restrictions. Bessent stated this action continues administration efforts to isolate Iran and its financial enablers.
Why it matters
The United States continues to intensify economic pressure against Tehran by targeting alternative financial channels and remaining trade lifelines. The blacklisting of the A7 platform follows a pattern of restricting transnational networks that enable illicit transactions. These moves aim to sever Iran from remaining global commerce and banking systems.
What is confirmed
- Treasury Secretary Scott Bessent announced that Iran will complete its final oil shipments to China within two weeks.
- The Treasury Department blacklisted the Russia-backed cross-border payments platform A7 as a transnational criminal organization.
What to watch next
- Confirmation of the cessation of Iranian oil shipments to China after the two-week window
- Further Treasury actions against remaining entities facilitating Iranian trade
confidence 100%Sources used for this update (2)
- elderofziyon.blogspot.com — 10/04 Links: Douglas Murray: Israel Is Winning; The Green Party is now an openly anti-Jewish party; ‘Ev....
- www.wnd.com — What the White House got out of Xi's visit * WorldNetDaily * by Carolina Lumetta, Real Clear Wire
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US Treasury Targets Russia-Backed A7 Platform Over Iran Ties
Treasury Secretary Scott Bessent announced that Iran will complete its final oil shipments to China within two weeks, leaving Tehran with nothing to trade under ongoing economic pressure. In an expansion of US sanctions, the Treasury Department blacklisted the Russia-backed cross-border payments platform A7 as a transnational criminal organization. The agency stated that A7 utilized a global network of front companies and sub-agents to help Iran and cybercriminals process illicit transactions and bypass Western banking restrictions. Bessent stated that this action continues the Treasury administration efforts to isolate Iran and its financial enablers.
Why it matters
The escalating financial measures against Tehran coincide with US efforts to sever remaining trade lifelines, including oil deliveries to China. Washington is simultaneously targeting international payment networks that allegedly allow sanctioned entities to bypass Western restrictions. These moves form part of a broader pressure campaign involving regional aviation restrictions and sector-specific sanctions.
What is confirmed
- Treasury Secretary Scott Bessent predicts Iran will complete its final oil shipments to China within two weeks, leaving Tehran with nothing to trade.
- The U.S. Treasury Department blacklisted Russia-backed cross-border payments platform A7 and labeled it a transnational criminal organization.
- The Treasury and FinCEN alleged that A7 built a network of front companies and sub-agents to bypass Western banking restrictions for Iran and cybercriminals.
What to watch next
- Completion of Iran final oil shipments to China within the stated two-week window
- Further enforcement actions by the US Treasury against international financial enablers and front companies
- Official responses from Beijing and Moscow regarding the new sanctions
confidence 100%Sources used for this update (6)
- www.whatfinger.com — Whatfinger News Links all links from Curated links on ...
- www.foxnews.com — Bessent says Iran oil shipments to China will end within two ...
- www.gulf-times.com — tag - Gulf Times
- elderofziyon.blogspot.com — 10/01 Links Pt2: IDF: 170 Hamas, PIJ terrorists killed in Gaza were misrepresented as 'innocent journalis....
- www.themoscowtimes.com — U.S. Blacklists Russia’s A7 Payment Platform Over Alleged ...
- www.iranintl.com — Bessent urges Lebanon to disrupt Iran, Hezbollah financial ...
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Bessent Warns Iran Economy Nears Collapse Under US Pressure
Treasury Secretary Scott Bessent warned that Iran will have nothing left to trade within two weeks following final oil deliveries. Bessent thanked regional neighbors including Turkey, Oman, and the United Arab Emirates for restricting flights by Iranian airlines under Operation Economic Outcast. The Treasury also sanctioned ten individuals and entities accused of procuring weapons components for Iran. Meanwhile, President Trump weighed potential options regarding Tehran, while global markets reacted to shifting diplomatic and economic pressures.
Why it matters
The United States is intensifying a maximum pressure campaign against Tehran through sweeping financial and aviation sanctions. Regional cooperation from nations like the UAE, Oman, and Turkey has isolated Iran's transport and banking networks. These economic maneuvers run parallel to fluctuating diplomatic signals and volatile oil markets.
What is confirmed
- Treasury Secretary Scott Bessent warned that Iran will have nothing to trade within two weeks after making final oil deliveries.
- Turkey and Oman stopped Mahan Air flights, and the UAE halted flights by Iranian airlines.
- The US Treasury sanctioned 10 individuals and entities for procuring weapons and weapons components for Iran.
- The UAE confirmed the suspension of Iranian airline flights due to US sanctions.
Still unconfirmed
- President Trump is considering annihilating Iran amid rising geopolitical tensions.
What to watch next
- Implementation and impact of the two-week timeline mentioned by Treasury Secretary Scott Bessent
- Further regional compliance with Operation Economic Outcast restrictions
- Global oil market responses to impending cessation of Iranian oil deliveries
confidence 90%Sources used for this update (8)
- www.iranintl.com — Bessent thanks Iran’s neighbors for helping US pressure campaign
- aaronparnas.substack.com — NEWS: Republicans Rapidly Distance From Trump, Trump Considers ‘Annihilating’ Iran, Massive FBI Hack,....
- nypost.com — Iran’s economy will have ‘nothing’ left ‘within two weeks ...
- www.yahoo.com — Hero passenger wrestled hijacker from cockpit to save plane
- www.iranintl.com — Bessent says US will continue economic pressure on Iran
- www.arabtimesonline.com — Bessent Thanks UK, Türkiye, Oman, UAE for Helping Isolate ...
- politicalwire.com — Bessent Says Iran’s Economy Will Have ‘Nothing’ Left
- www.utusan.com.my — Bessent dakwa AS berjaya ‘pulaukan’ ekonomi Iran
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Bessent's Message to Bank Insiders About Iran
US President Trump's potential deal with Iran and its impact on global markets, including oil prices and stock markets, continues to be a point of interest. The situation remains uncertain with mixed reactions from global markets. Trump's address at the United Nations was bellicose, but global oil prices retreated on potential renewed diplomatic engagement between the US and Iran.
Why it matters
The situation between the US and Iran has been a key factor in global markets, influencing oil prices and stock market movements. The US President's address at the United Nations and potential diplomatic engagement with Iran have created uncertainty. Global markets are reacting to these developments, with oil prices retreating and stock markets showing mixed results.
What is confirmed
- Global oil prices retreated on potential renewed diplomatic engagement between the US and Iran
- US President Trump delivered a bellicose address at the United Nations in New York
- The Nasdaq index climbed to a second consecutive record high
Still unconfirmed
- Covid shot a bioweapon that hooks up vaccinated to digital tech
- US Inc. dissolves, United States of America Republic begins on Oct. 1
- Trump allies urge 'martial law' and 'drastic action'
What to watch next
- US and Iran diplomatic engagement
- Global market reactions to US-Iran developments
- October 1st for potential changes in the US Republic
confidence 70%Sources used for this update (8)
- finance.yahoo.com — Vanguard's top economist names Fed rate that would hurt markets
- elderofziyon.blogspot.com — 09/23 Links Pt1: Son of Israel’s US envoy, a soldier, seriously hurt in car-ramming attack; Rebutting ....
- beforeitsnews.com — Byington Bombshell Report: Covid Shot a Bioweapon That Hooks Up Vaccinated To Digital Tech as World Faces....
- elderofziyon.blogspot.com — 09/21 Links: Richard Landes: How the Western Press Got Jihad Wrong; Police officer wounded in shooting ou....
- aaronparnas.substack.com — NEWS: Trump Allies Urge ‘Martial Law’ and ‘Drastic Action,’ Canada Breaks Reliance on USA, China ....
- beforeitsnews.com — Byington Bombshell Report: Bankrupt US Inc. Dissolves, United States of America Republic Begins on Oct. 1....
- fortune.com — Beijing and Washington agree to talk about an AI hotline
- www.mirror.co.uk — Andy Burnham meets Trump live: US President praises our leader after showdown talks on Falklands and Chag....
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Oil Prices Fall as Markets Focus on Renewed US-Iran Diplomatic Engagement
Global oil prices retreated on Tuesday as financial markets reacted to potential renewed diplomatic engagement between the United States and Iran. This market movement occurred even as US President Trump delivered a bellicose address at the United Nations in New York, where he stated he faces a decision on whether to pursue a deal with Iran or annihilate the Islamic Republic. Meanwhile, global stock markets showed mixed results, with the Nasdaq index climbing to a second consecutive record high.
Why it matters
The recent dip in oil prices highlights how sensitive energy markets remain to geopolitical tensions and potential diplomatic openings involving major producers. President Trump met with leaders in New York following his United Nations address, where his remarks framed the diplomatic track with Iran as an ultimatum between a formal agreement and total destruction. These diplomatic developments unfold alongside ongoing financial pressures and sanctions from the US Treasury aimed at restricting Iran's economic networks.
What is confirmed
- Oil prices fell on Tuesday as markets focused on the potential upside of renewed US-Iran diplomatic engagement.
- US President Trump delivered a bellicose address at the United Nations.
Still unconfirmed
- President Trump stated at the UN that he has a decision to make on whether to do a deal with Iran or annihilate the Islamic Republic.
What to watch next
- Whether the US and Iran proceed with formal diplomatic talks
- Further movements in global oil prices and stock indices
- Decisions regarding US policy toward the Islamic Republic
confidence 90%Sources used for this update (3)
- www.briefs.co — TPG's heir apparent bolts to CVC, putting a fresh question mark on succession
- www.channelnewsasia.com — Oil prices retreat as markets welcome US-Iran talks
- www.bbc.com — Trump says he can do business with Burnham but criticises 'terrible' Chagos deal
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US Treasury intensifies Iran sanctions via financial and aviation targets
The US Treasury is expanding its campaign against Iran's financial networks through a combination of aviation sanctions, global banking coordination, and a new whistleblower tip line. These measures target Iran's financial lifelines and have already forced Mahan Air to suspend flights to Muscat, Ankara, and Istanbul. The Treasury is actively gathering global financial institutions to strengthen the enforcement of these sanctions, while also targeting third-party facilitators, including a cargo handler based in Turkey.
Why it matters
The US is attempting to isolate Iran economically to limit its operational capabilities. This strategy, referred to by some as Operation Economic Outcast, seeks to sever the financial conduits Tehran uses to fund its activities.
What is confirmed
- The US Treasury launched a tip line for whistleblowers to report Iran's financial lifelines.
- Mahan Air suspended flights to Ankara, Istanbul, and Muscat following US sanctions.
- The US Treasury is meeting with global financial institutions to advance sanctions against Iran.
Still unconfirmed
- The Treasury's aviation sanctions on Iran extend beyond Tehran.
What to watch next
- Evidence of further flight cancellations by Iranian carriers
- Reports on the volume of tips received via the new whistleblower line
- Official confirmation of the specific bank insiders contacted by Bessent
confidence 80%Sources used for this update (9)
- Time Magazine — How the U.S. Treasury's New Aviation Sanctions on Iran Extend Beyond Tehran
- thestreet.com — Bessent sent bank insiders a message about Iran
- reuters.com — US Treasury gathers global financial institutions to advance Iran sanctions
- Baltimore Sun — Treasury launches tip line for whistleblowers to expose Iran’s financial lifelines
- Air Cargo News — Turkey-based cargo handler included in US sanctions list
- The American Conservative — Even If ‘Operation Economic Outcast’ Works, It Won’t End the War
- IranWire — Mahan Air Suspends Flights to Istanbul, Ankara, and Muscat
- ft.com — Leading Iranian airline cuts flights as US sanctions hit
- National Council of Resistance of Iran - NCRI — Iran News in Brief – September 17, 2026
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