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Treasury Secretary Scott Bessent said on Monday that the U.S. is slated to unleash new sanctions aimed at cutting off Iranian airlines from global travel, once again leveraging the U.S.’s vast power over the global financial system to further isolate Iran as the energy crisis spurred by the war rapidly worsens.

“On September 23rd, all the Iranian airlines, all the Iranian airlines will be shut down around the world,” said Bessent in an interview with CNBC on Monday.

He said that the sanctions would be imposed on actors who help with any part of an Iranian airline’s flight. “If they land, you cannot provide them with fuel. You cannot provide them with landing services, you cannot sell them tickets, or you will be knocked out of the dollar system,” he went on.

Bessent boasted that the U.S. has already implemented a host of secondary sanctions on banks that the U.S. accuses of providing support to the Iranian government, including in Egypt, Turkey, and Russia. He suggested that the Trump administration has also been having “behind the scenes discussions” with Chinese authorities, who Bessent said “have been very engaged in the process.”

These sanctions are being done under authorities granted to the president after 9/11, the treasury secretary said, which is “when we were given many of the authorities that we have now.”

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