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Bessent Declares 'Victory Lap' as Iran's Rial Plummets Amid Economic Outcast Operation
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Firstpost•27-09-2026, 07:10
Bessent Declares 'Victory Lap' as Iran's Rial Plummets Amid Economic Outcast Operation
- •US Treasury Secretary Scott Bessent claimed success for Operation Economic Outcast against Iran, citing the rial's new low and global pressure tactics.
- •Bessent dispatched envoys worldwide to push for Iran's economic isolation, leading to new restrictions on its airlines and banks.
- •Turkey and Oman halted flights from Mahan Air, while the UAE stopped all flights by Iranian airlines, impacting a major destination for Iran's carriers.
- •The UAE central bank blocked transactions from Iran's Bank Melli, and Turkey revoked Bank Mellat's license, citing money laundering and terrorism concerns.
- •Despite US efforts, smaller Iranian carriers continue international routes, particularly to China, which has resisted US pressure.
Key Questions Answered
Turkey and Oman halted incoming flights from Mahan Air, while the United Arab Emirates stopped all flights by Iranian airlines. Additionally, the UAE central bank blocked transactions involving Bank Melli over money laundering and terrorism concerns, and Turkey revoked Bank Mellat's license.
The European Union officially joined the United States' Operation Economic Outcast campaign to cut off Iranian financial channels linked to nuclear and weapons programs.
Scott Bessent stated that Washington's strategy could result in the Iranian regime turning on itself, an uprising by the Iranian people, or Tehran agreeing to and sticking to a deal.
