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Press Releases
Treasury Grounds Iranian Airlines with Sweeping Sanctions Action
September 8, 2026
Operation Economic Outcast Targets All Remaining Iranian Airlines
WASHINGTON— Today, under Operation Economic Outcast, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned 36 targets for supporting Iran’s aviation sector, which the regime uses to move weapons, personnel, and illicit cargo. Today’s action also targeted covert front companies, foreign intermediaries, and deceptive transshipment routes that Iran relies on to obtain U.S.-origin aircraft and sensitive technology. In addition to OFAC’s action, Treasury’s Financial Crimes Enforcement Network (FinCEN) is issuing an Alert asking financial institutions to report procurement networks supporting Iran’s aviation industry.
“Under Operation Economic Outcast, we promised severe consequences for those providing financial lifelines to the Iranian regime,” said Secretary of the Treasury Scott Bessent. “Today, we...
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1) On 9-8-26, OFAC sanctioned all otherwise non-sanction Iranian airlines pursuant to EO 13902 for operating in the Iranian aviation sector, and sanctioned certain Mahan Air sales agents and other supports, consistent with Shanghai Saint Logistics Limited (China) and other prior sanctions. It remains to be seen whether OFAC will impose sanctions on non-U.S. persons solely for providing ground services to SDN Iranian airlines in connection with ordinary commercial flights. The press release is ambiguous on that point.