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US Issues Sanctions on Turkish Bank that It Calls a ‘Critical Financial Lifeline’ for Iran
The bank was accused of funneling Iranian oil revenues through Turkey and handling tens of millions of dollars for the Islamic Revolutionary Guard Corps-Quds Force.
- 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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237 Articles
237 Articles
'Iranian funds flowed through US banks,' says report
Washington: Billions of dollars connected to Iran are passing through accounts at American banks each year despite sweeping US sanctions intended to isolate Tehran from the global financial system, according to a media investigation published on Sunday, September 6. Iran gains indirect access to dollar-clearing accounts through foreign banks with relationships with American financial institutions, … Get the latest updates in Hyderabad City News,…
·Hyderabad, India
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How American banks became a weak link in Trump's sanctions pressure on Iran
·Kyiv, Ukraine
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Coverage Details
Total News Sources237
Leaning Left38Leaning Right28Center52Last UpdatedBias Distribution44% Center
Bias Distribution
- 44% of the sources are Center
44% Center
L 32%
C 44%
R 24%
Factuality
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