US Treasury Secretary Bessent: Working with Iranian airlines risks sanctions
US Treasury Secretary Scott Bessent warned that the United States (US) will place sanctions on anyone conducting business with sanctioned Iranian airlines as commercial flights resume from Tehran, the Wall Street Journal reported on Monday.
Key quotes
Treasury will impose maximum pressure on Iran.
Working with Iranian airlines risks sanctions.
Discussed risks from overcapacity production with the EU.
Market reaction
At the time of writing, the West Texas Intermediate (WTI) is up 1.35% on the day at $94.65.
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