US Moves to Ground Iranian Airlines, China Objects

In September 2026, the United States announced it would ground Iranian airlines worldwide starting Wednesday, as part of its sanctions pressure on Tehran. China said it opposes the "illegal" unilateral US sanctions on the airlines.

Oil prices rose above $100 per barrel as traders watched for possible US-Iran talks. Separately, the US Department of Justice is investigating the cryptocurrency exchange Binance over possible violations of Iran sanctions, according to Bloomberg News.