US Issues Sanctions on Turkish Bank that It Calls a ‘Critical Financial Lifeline’ for Iran
The bank and two subsidiaries were placed on the Treasury’s sanctions list, cutting them off from the U.S. financial system and allowing wind-down transactions.
- On Friday, the Treasury sanctioned Golden Global Yatirim Bankasi Anonim Sirketi to sever "critical financial lifelines" for the Iranian government, marking Washington's latest effort to isolate Tehran after more than six months of war.
- Treasury Secretary Scott Bessent announced "Operation Economic Outcast" nearly a week ago to force Tehran to capitulate, a strategy following recent military strikes and rising concerns over potential regional war involving Iran.
- Last week, Washington targeted an Egyptian bank's operations in the United Arab Emirates, while Bessent discussed these strategies during the G20 Finance Ministerial in Asheville, Sept. 1, seeking to isolate Iran from global partners.
- Promises of an "Economic D-Day" for "Operation Economic Outcast" have turned into warnings and negotiations with partners to restrict the financial reach of the Iranian government globally.
- The Trump administration resumed military strikes in recent days, prompting Iranian retaliation that has renewed regional war fears; these actions coincide with ongoing economic pressure campaigns designed to force Tehran to accept new demands.
228 Articles
228 Articles
How American banks became a weak link in Trump's sanctions pressure on Iran
Despite sanctions, Iran funnels billions through US banks
Iran is moving billions of dollars a year through the US banking system, enabling it to launder money and evade sanctions on a massive scale, The Wall Street Journal reports. Western officials and investigators at financial institutions told the newspaper that billions of dollars in Iranian funds pass through clearing accounts at US banks each […] The post Despite sanctions, Iran funnels billions through US banks appeared first on www.israelhayo…
The Latest: US tightens economic squeeze on Iran after a week of renewed strikes
The U.S. Treasury has imposed sanctions on the Turkish bank Golden Global Yatirim Bankasi Anonim Sirketi. This move is part of the Trump administration's effort to cut financial ties with Iran. Last week, the administration launched "Operation Economic Outcast" to…
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