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US Issues Sanctions on Turkish Bank that It Calls a ‘Critical Financial Lifeline’ for Iran
The sanctions target Golden Global Bank and two subsidiaries after officials said they moved tens of millions of dollars for Iran’s Revolutionary Guard.
- 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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The US Treasury Department announced today that it has imposed sanctions on a Turkish financial institution as part of its latest effort to cut all financial ties to the Iranian government.
·Belgrade, Serbia
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(Washington = Yonhap News) Correspondent Park Sung-min = On the 4th (local time), the U.S. Donald Trump administration [addressed] an Egyptian bank as part of its 'economic isolation operation' against Iran...
·Seoul, Korea (the Republic of)
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U.S. issues sanctions on Turkish bank that it calls a 'critical financial lifeline' for Iran
The actions against Golden Global Yatirim Bankasi Anonim Sirketi come nearly a week after Treasury Secretary Scott Bessent announced “Operation Economic Outcast, ” Washington’s new effort to get Tehran to capitulate to its demands after more than six months of war.
·El Segundo, United States
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Coverage Details
Total News Sources87
Leaning Left15Leaning Right10Center23Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
48% Center
L 31%
C 48%
R 21%
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