Energy / Industry part of Middle East Iran

Mahan Air Sanctioned

Latest coverage

Economy

U.S. Treasury sanctions 36 targets over their support for Iran’s aviation sector, including 27 Iranian commercial airlines and several foreign companies and individuals accused of facilitating Mahan Air’s operations.

The foreign targets ar...

U.S. Treasury sanctions 36 targets over their support for Iran’s aviation sector, including 27 Iranian commercial airlines and several foreign companies and individuals accused of facilitating Mahan Air’s operations.

The foreign targets are based in the UAE, Oman, Turkey, the UK and Malaysia.

Airlines designated: Air Shiraz, Asa Jet Airline, Ata Airlines Company, Atlas Aviation Group, Ava Airlines, Chabahar Airlines Company, Erwan Airline Company, Fly Kish Airlines, Fly Persia Airlines, Iran Air Tour, Iran Aseman Airlines, Jsky Airlines, Kish Airlines, Karun Airlines Company, Lad Airways, Mehr Airways, Nasim Air, Pars Oghyanous Kish Company, Qeshm Air, Raimon Airways, Saha Airlines, Sepehran Airlines, Soroush Air, Taban Airlines, Toos Airlines, Varesh Airlines and Zagros Airlines.

OFAC also suspended 3 Iran aviation authorizations, including provisions covering payments for Iranian airspace overflights and certain flights into Iran using U.S. origin or U.S. controlled aircraft.

A wind down period runs until September 23, 2026, for transactions previously authorized under the suspended provisions.

Operations

Iran flew IRGC commanders, military advisers, and missile and drone equipment to Yemen on July 13 to bolster Houthi capabilities against Red Sea shipping.

A Mahan Air flight carrying 10–21 IRGC personnel, including senior commanders, diverted from Sanaa to Hodeidah after a strike on the airport. The cargo reportedly included missile and drone components and gold to fund Houthi operations.

Source: Reuters