Turkish Airlines halts Iran flights until March 2027 amid US sanctions

Turkish Airlines has suspended all flights to Iran until at least March 2027, according to a company representative speaking with Iran International. This development follows Iraq’s similar decision to halt flights from Iranian carriers, both actions coming in response to a US Treasury warning about potential global shutdowns of Iranian airline operations. The suspension of flights by these countries reflects the intensified US sanctions targeting Iran’s aviation sector, part of a broader initiative known as Operation Economic Outcast. The US Treasury has recently imposed sanctions on all remaining Iranian airlines, indicating a significant escalation in the sanctions regime. Key Takeaways Turkish Airlines and Iraq’s decision to suspend flights to Iran appears to be a response to increased US sanctions pressure. Market pricing suggests these developments are consistent with scenarios where a full closure of Iranian airspace might occur by the end of December 2026. The suspension by Turkish Airlines and Iraq could indicate a higher possibility of further airspace restrictions impacting Iranian aviation. What to Watch Market participants are closely monitoring announcements from the ...