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Global Business News

The Economic Times

Global Business / The Economic Times

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US Treasury chief Bessent claims successes in isolating Iran

US Treasury Secretary Scott Bessent has initiated global efforts to economically isolate Iran through new restrictions. These restrictions target airlines and banking operations in various countries. Turkey and Oman have stopped flights from Mahan Air and the UAE has prohibited Iranian airline flights. Additionally, banking transactions involving Iran's Bank Melli have been blocked due to legal violations.

27 Sep 2026 6:10 am