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yesterday

US Removes Fly Baghdad From Treasury Sanctions List

Treasury said an administrative review found major operational changes at the airline while its owner remains subject to sanctions and policy toward Iran has not changed.

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A memorial depicting Qasem Soleimani, the slain commander of the Quds Force of Iran's Islamic Revolutionary Guard Corps, who was killed by a US airstrike in Iraq in 2020, is pictured at Valiasr Square in Tehran on April 6, 2026.
The Treasury building in Washington, D.C. (Photo: U.S. Department of the Treasury)
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Overview

  • The Treasury Department's Office of Foreign Assets Control delisted Fly Baghdad and two Iraq‑registered Boeing 737s on Wednesday after an administrative reconsideration concluded the carrier had changed its operations.
  • OFAC originally designated Fly Baghdad in January 2024 for allegedly moving fighters, weapons and laundering funds for Iran's IRGC Quds Force and allied militias.
  • Basheer Abdulkadhim Alwan al‑Shabbani, identified in the original designation as the airline's owner, remains on the sanctions list and barred from US financial dealings.
  • Treasury officials stressed the delisting does not signal a change in US policy toward Iran or designated groups, even as reports say talks to reopen the Strait of Hormuz are gaining momentum and markets are watching closely.
  • The action follows a broader Treasury review launched in May to remove outdated listings and reduce compliance burdens, and OFAC notices typically provide limited public detail on the specific operational changes cited.