Bank Melli, Iran’s largest lender, already faces sanctions that severely limit its ability to operate abroad. Every foreign branch must be shut down, Treasury Secretary Scott Bessent said.

© Arash Khamooshi/Polaris for The New York Times

The Iran war has slashed transit traffic at Middle Eastern airports, creating opportunities for hubs in Asia and beyond — at least for now.

© Kim Hong-Ji/Reuters

The United Arab Emirates, Iran’s most important regional trading partner, announced a total embargo on transactions with Tehran on Tuesday.

© Raghed Waked/Reuters

A possible expert witness was hurried off a video feed after an emergency alert in Dubai, near the Strait of Hormuz, a flashpoint in the U.S.-Iran war.

© Marisa Schwartz Taylor/The New York Times