Treasury Secretary Steve Mnuchin. Photo: Alex Wong/Getty Images

Belgium-based payments system SWIFT — a linchpin of the global financial system that allows Iran to get paid for its oil, pay for its imports and finance its activities abroad — announced Monday it is "suspending certain Iranian banks’ access to the messaging system," reports the Financial Times.

Why it matters: Ensuring that Iranian banks remain plugged into the SWIFT network was a key part of Europe's strategy to keep the Iran deal alive, Axios' Jonathan Swan reported in August. Now that SWIFT has announced it will comply with new U.S. sanctions, Europe could seek to activate a special payments system to maintain trade ties with Iran. Treasury Secretary Mnuchin warned Monday that such a move could trigger sanctions against any financial institution that engages in "certain significant transactions" with Iran.

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Supreme Court blocks Alabama curbside voting measure

Photo: Mark Wilson/Getty Images

The Supreme Court on Wednesday evening blocked a lower court order that would have allowed voters to cast ballots curbside at polling places on Election Day.

Of note: The court voted 5-3 against the measure, with liberal justices dissenting.

Editor's note: This is a developing news story. Please check back for updates.

Updated 26 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Senate Democrats block vote on McConnell's targeted COVID relief bill McConnell urges White House not to strike stimulus deal before election.
  2. Economy: Why the stimulus delay isn't a crisis (yet).
  3. Health: New York reports most COVID cases since MayStudies show drop in coronavirus death rate — The next wave is gaining steam.
  4. Education: Schools haven't become hotspots — San Francisco public schools likely won't reopen before the end of the year.
  5. World: Spain becomes first nation in Western Europe to exceed 1 million cases.

U.S. officials: Iran and Russia aim to interfere in election

Iran and Russia have obtained voter registration information that can be used to undermine confidence in the U.S. election system, Director of National Intelligence John Ratcliffe announced at a press conference Wednesday evening.

Why it matters: The revelation comes roughly two weeks before Election Day. Ratcliffe said Iran has sent threatening emails to Democratic voters this week in states across the U.S. and spread videos claiming that people can vote more than once.