US Pressure Campaign Tightens Economic Noose on Iran

Key takeaways Powered by Yahoo Scout. Yahoo is using AI to generate key points from this article. This means the info may not always match what’s in the article. Reporting mistakes helps us improve the experience. United Arab Emirates and Turkey have barred Iran's two largest private lenders from operating and grounded Iranian airlines, as part of a sanctions campaign led by the U.S. Treasury Department. The campaign, known as Operation Economic Outcast, aims to sever economic lifelines sustaining Iran's government, gaining traction as Gulf states have turned against Tehran since the war began in February. Countries like Oman, the UAE, Turkey, Azerbaijan, and Georgia have taken steps to cut ties with Iranian carriers and banks, with the U.S. achieving significant impact through sanctions in a short period of time. See more United Arab Emirates billboard in Dubai on November 6, 2025.