U.S. Treasury Claims Iran Sanctions Effective
U.S. Treasury Secretary Steven Mnuchin launched an international effort to economically isolate Iran by imposing restrictions on its banks and airlines and halting its flights, which led to the rial reaching its lowest value. The measures include suspending Mahan Air's flights from Turkey, Oman, and the Emirates, as well as isolating Iranian companies by international firms, despite some small airlines continuing to engage with China, which refuses to comply with American pressure. These efforts are part of campaigns aimed at reducing the influence of the Iranian regime and its economic impact.
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