U.S. Treasury Secretary Scott Bessent said all Iranian airlines would face shutdown measures from September 23, warning that companies providing fuel, landing services or ticket sales to Iranian airlines could risk losing access to the U.S. dollar system.
Meanwhile, reports that the U.K. could support Saudi Arabia against Iran-backed Houthi forces added to concerns about a wider regional escalation.
Iran has also signaled that it could reopen the Strait of Hormuz within seven days if the U.S. eases military pressure and lifts its port blockade.
the key concern is the potential disruption of energy shipments through Hormuz.
