Jolyon@jolyon

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Scott Bessent announces Operation Economic Outcast results

The list of results from Operation Economic Outcast is real, and the UAE has grounded every single Iranian airline as Tehran's exits start closing. Treasury Secretary Scott Bessent says he sent envoys around the world demanding action against the Iranian regime, and those teams were dispatched across the globe under his direction to engage with countries. Dubai stopped all Iranian carriers even though it serves as a major foreign hub where a huge share of Iran's trade and cash runs through. Turkey and Oman have barred Mahan Air specifically, while the UAE central bank froze transactions involving Bank Melli and Turkey revoked the license of Bank Mellat. Bessent stated that these efforts are delivering results at my direction, but losing Dubai genuinely hurts the situation. Mahan Air continued cargo flights from China to Tehran at double the prewar rate during the current month, though. Until Beijing gets on that list, the most important door stays wide open for trade channels. #Politics

2h

Jolyon@jolyon

Follow

Scott Bessent announces Operation Economic Outcast results

The list of results from Operation Economic Outcast is real, and the UAE has grounded every single Iranian airline as Tehran's exits start closing. Treasury Secretary Scott Bessent says he sent envoys around the world demanding action against the Iranian regime, and those teams were dispatched across the globe under his direction to engage with countries. Dubai stopped all Iranian carriers even though it serves as a major foreign hub where a huge share of Iran's trade and cash runs through. Turkey and Oman have barred Mahan Air specifically, while the UAE central bank froze transactions involving Bank Melli and Turkey revoked the license of Bank Mellat. Bessent stated that these efforts are delivering results at my direction, but losing Dubai genuinely hurts the situation. Mahan Air continued cargo flights from China to Tehran at double the prewar rate during the current month, though. Until Beijing gets on that list, the most important door stays wide open for trade channels. #Politics

2h