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US Issues Sanctions on Turkish Bank that It Calls a ‘Critical Financial Lifeline’ for Iran
The Treasury said the firms moved tens of millions of dollars for Iran’s Quds Force and provided correspondent banking access.
- 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.
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120 Articles
120 Articles
As Washington seeks to economically isolate Tehran six months after the start of the war, the US Treasury Department on Friday announced sanctions on a Turkish bank over its suspected ties to Iran's Islamic Revolutionary Guard Corps (IRGC).
The U.S. Treasury announced Friday that sanctions would be imposed on the Turkish Bank of Golden Global and its branches, accusing him of facilitating transactions of tens of millions of dollars to the Iranian Revolutionary Guard.
Coverage Details
Total News Sources120
Leaning Left20Leaning Right16Center28Last UpdatedBias Distribution44% Center
Bias Distribution
- 44% of the sources are Center
44% Center
L 31%
C 44%
R 25%
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