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All Iran airlines to be 'shut down' from Wednesday, Bessent tells CNBC
CNBC • • nation
Key Points:
- U.S. Treasury Secretary Scott Bessent announced that all Iranian airlines will be shut down from September 23 by cutting off fuel, landing services, and ticket sales to prevent them from operating within the dollar system.
- The U.S. is intensifying pressure on Iran by sanctioning banks and targeting Iran's global enablers, including recent sanctions on Russia’s VTB Bank to isolate Iran economically.
- The U.K. will support Saudi Arabia against Iranian-backed Houthi rebels by providing Royal Air Force air-to-air refueling for Saudi planes, a move aimed at securing regional stability and protecting oil export routes.
- The support from the U.K. follows U.S. President Donald Trump's refusal to assist Saudi Arabia with a planned airstrike against the Houthis, who recently seized Yemen's Perim Island, threatening critical oil chokepoints like the Bab el-Mandeb Strait.
- NATO and European nations are reportedly considering additional support for Saudi Arabia, with discussions underway among allies on how to address the growing threat from Houthi rebels in the region.
