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ARTICLE · 21 SEPTEMBER 2026

Weekly Sanctions Update: September 14, 2026

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The Treasury Department intensifies economic pressure on Iran through Operation Economic Outcast, suspending aviation licenses and sanctioning dozens of entities while implementing a presumption of denial for Iran-related transactions. Meanwhile, new enforcement actions target Chinese cybercrime platforms, Ecuadorian terrorist organizations, and Israeli settlers, as Congress considers comprehensive Russia-Iran sanctions legislation.

GlobalGovernment, Public Sector
Steptoe LLP
Steptoe LLP

US Developments

Treasury Ratchets Up Its Pressure on Iran in Operation Economic Outcast

Last week, the Department of the Treasury announced several significant measures targeting Iran as part of Operation Economic Outcast, which is the Trump Administration’s ongoing campaign to impose greater economic pressure on the Iranian government. We previously reported on Operation Economic Outcast in a recent blog post. The measures announced last week include the following:

  • On September 8, the Office of Foreign Assets Control (“OFAC”) indefinitely suspended three Iran-related aviation general licenses (“GL”), which authorized certain transactions related to overflights of Iranian airspace (31 CFR § 560.522), certain bunkering and emergency repairs for non-Iranian carriers (31 CFR § 560.529), and the reexportation of certain civil aircraft to Iran on temporary sojourn (Iran GL J-1). OFAC also suspended its licensing policy (31 CFR § 560.528) related to the exportation or reexportation

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