On September 8, the Office of Foreign Assets Control (OFAC) under the US Treasury Department announced the imposition of restrictions on 35 legal entities in 6 different countries, along with a citizen holding Egyptian nationality.
According to a press release from the US Treasury Department, the sanctions are aimed at increasing pressure on Iran's aviation industry.
The subjects sanctioned this time include many airlines and businesses operating in the field of air transport based in Iran, the United Arab Emirates (UAE), the UK, Malaysia, Turkey and Kazakhstan. The main charges relate to supporting the Iranian aviation industry in transporting weapons, military personnel and illegal goods to serve the activities of the country's armed forces.
Along with the sanctions, the US Treasury Department has issued a general license allowing individuals and organizations on the list to carry out the necessary financial transactions to finalize contracts with Iran until the end of September 23.
At the same time, US officials also officially revoked the license that once allowed US-made aircraft to temporarily stay in Iran, as well as terminated the licensing of the supply of spare parts and aircraft repair technology to this Islamic nation.
The move to tighten economic sanctions takes place amid escalating tensions between Washington and Tehran. In recent days, the two sides have continuously launched military retaliation against each other, from the US military sinking a series of Iranian oil tankers, to Tehran's missile attacks targeting US warships in the Strait of Hormuz and military bases in Jordan.
This spiral of comprehensive confrontation is pushing the Middle East region to face the risk of a widespread outbreak of war, followed by a sharp increase in world oil prices.
