Good morning. Iranian flights are being canceled in several countries as part of an American pressure campaign over the Strait of Hormuz, further squeezing the Islamic Republic as it already contends with a U.S. naval blockade and disruptions at its land borders.

Starting Wednesday, foreign companies that provide refueling and other services to Iranian airlines risk facing U.S. secondary sanctions. The U.S. alleges Iranian commercial flights have played a role in transporting weapons and fighters.

• Complementary action: The push is designed to complement steps by the U.S. Navy to shut down seaborne traffic through Iranian ports with its blockade, disrupting Tehran’s cargo and energy shipments. Much of the transit of goods has been redirected to land routes, which are now suffering severe bottlenecks.

• Domestic-only future: “Iranian airlines will ultimately become primarily domestic airlines if service providers around the world are unable to continue providing them the services necessary to keep flying,” said Matthew Levitt, who in the 2000s served as the deputy assistant secretary for intelligence and analysis at the Treasury Department.

• Background: The restrictions on Iran’s airlines are part of a set of Treasury Department sanctions targeting Iran’s aviation sector that included the blacklisting of agents working for Mahan Air, Iran’s biggest private airline, and the designation of 27 smaller Iranian carriers. Mahan long has served as a conduit for Iran’s Islamic Revolutionary Guard Corps.

• See also: Iran’s President Gets Rare Opportunity to Make His Case to the World

DoorDash to pay $131.5 million to resolve NYC investigation into minimum-pay law compliance.

DoorDash will pay $131.5 million to settle an investigation by New York City regulators into the company’s compliance with pay laws for food-delivery workers.

The company said Tuesday that the settlement includes $12.3 million for drivers who were underpaid or paid late, as well as $83 million to resolve a disagreement between DoorDash and the city over how drivers’ pay is calculated. DoorDash also will pay the city’s Department of Consumer and Worker Protection $16.7 million in fines.

Pentagon agency eases security clearances for emerging-tech companies.

A Pentagon agency responsible for vetting private companies before they can work in classified facilities says it has cut clearance times to help small, emerging-tech companies become defense suppliers, reports Risk Journal’s Anwar Faruqi. (free link)

The Defense Counterintelligence and Security Agency is moving away from a reactive security process toward earlier, more direct support for companies that need to operate in classified environments, said Blake Moore, the agency’s chief operating officer.

• Risk Journal reports: A group of 17 European Union member states, led by Austria and Italy, have joined forces in a bid to remove red tape for businesses, and boost competitiveness for the bloc, amid ongoing worries that bureaucracy has been holding economic growth back. (free link)

• The Trump administration will intensify its crackdown on imports of polysilicon, used in chips and solar panels, as it tries to onshore production for national security reasons, Richard Vanderford reports for Risk Journal. (free link)

• The U.S. Securities and Exchange Commission censured OTC Link, which operates an alternative trading system for over-the-counter securities, for repeated compliance failures around rules intended to strengthen the technology infrastructure of U.S. securities markets, Risk Journal’s David Smagalla reports. (free link)

The number of enrollments Vice President JD Vance’s antifraud task force is removing from the Affordable Care Act’s public exchanges for alleged fraud.

Journal House U.N. General Assembly 2026, which brings together experts and journalists from The Wall Street Journal, Risk Journal and across Dow Jones to explore building resilience during times of political turmoil, continues through Thursday. Some notable quotes from the conversation on Tuesday:

“We’re in an era of renewed great power rivalries. All these barriers have been going up in a variety of different forms, also a lot of uncertainty and volatility. Globalization has become slow-balization and regionalization, and we can’t do just-in-time logistics anymore. Now we do just-in-case logistics.”
—David Petraeus of private-equity firm KKR, on why companies need to keep an eye on geopolitics

“It’s really not about having a great plan. It’s about being able to make great decisions when your plan fails.”
—Richard Brilliant of Carnival, on how real resilience relies on having good people and teams to manage risk

“There’s a lot happening geostrategically and politically, but when you’re a business, you have to try to just keep your eyes on your business.”
—Maria DiGiulian of Infineon Technologies Americas, on how to navigate a rapidly changing geopolitical environment

Also see: Watch WSJ Editor in Chief Emma Tucker Interview Ukrainian President Zelensky

Separately, technology industry trade-compliance and sanctions professionals gathered Tuesday at a WorldECR Export Controls and Sanctions Forum in Santa Clara, Calif., where they examined evolving compliance issues and heard from leaders at companies including Micron Technology, ASML, A.P. Moller-Maersk, NetApp and Super Micro Computer.

Trump weighs diesel export ban as fuel prices soar.

President Trump said Tuesday he is considering restricting diesel exports in an effort to curb soaring fuel prices, an idea that is quickly gaining traction with more Republicans ahead of the midterm elections.

“I’ve called for that, too. I said, ‘Let’s not send out the diesel.’ We make a lot of diesel. I’ve called for it—I’ve called for it with my people,” Trump told reporters during a meeting with Ukrainian President Volodymyr Zelensky on the sidelines of the United Nations General Assembly in New York.

• Trump’s Oil Allies See Nightmare Scenario of Diesel-Export Ban Becoming Reality

• What Is Saudi Arabia’s East-West Pipeline and Why Is It Rocking Oil Markets?

Trump summit with Xi unlikely to include Chinese CEOs.

Chinese leader Xi Jinping is unlikely to bring a delegation of corporate executives when he comes to Washington later this week to meet President Trump, people familiar with the matter said, damping expectations for major business deals from the summit.

Some industry officials informed about Xi’s U.S. trip had expected China to put together a delegation of top executives to join Xi, people familiar with the matter said. They expected the Chinese executives to attend a state dinner hosted by Trump on Thursday alongside top U.S. CEOs from technology and artificial-intelligence companies, the people said.

• In Trump, Xi Sees ‘Rare Window’ to Convince Taiwan That Resistance Is Futile