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US sanctions Turkish bank, two subsidiaries in bid to increase economic pressure on Iran

Middle East 1 source 1 country 🔦 Under-reported 11m ago

The United States has imposed sanctions on a Turkish bank and two of its subsidiaries, placing the financial entities on the Treasury Department's Office of Foreign Assets Control (OFAC) Specially Designated Nationals list. The move is intended to increase economic pressure on Iran.

The action is part of a broader campaign initiated by the Trump administration to exert financial leverage over Tehran. By targeting these specific Turkish institutions, the U.S. aims to restrict the entities' access to the American financial system and further isolate Iran's economy.

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Read the full story at the source Jerusalem Post (Jerusalem, Israel) · IL
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