Turkey revokes operating license of Iran's Mellat Bank amid US economic pressure campaign
Middle East2 sources2 countries🔦 Under-reported46m ago
Turkey's banking watchdog, the BDDK, has revoked the operating license of the Istanbul branch of Iran's Mellat Bank, according to a notice published in the Official Gazette on Saturday. The decision comes as the United States presses other nations to increase economic pressure on Tehran.
The regulatory action follows earlier enforcement measures by Washington. Earlier this month, the US Treasury Department imposed sanctions on a small Turkish investment bank and two subsidiaries amid an ongoing economic pressure campaign.
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How the coverage differs
Same story, different emphasis — here's what each outlet chose to lead with.
Jerusalem Post (Jerusalem, Israel) (IL)Highlights recent US Treasury sanctions on a Turkish investment bank.
Arab News (SA)Focuses on the official regulatory notice published in Turkey's gazette.
Newz