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U.S. Targets Iran’s Financial Lifelines | Business and Finance News
Description
The Treasury Department just dropped a financial hammer on Iran’s global economic lifelines, sanctioning the UAE branch of Egyptian bank Banque Misr and cutting it off from U.S. systems — the first strike in “Operation Economic Outcast.” Alongside this, an Iranian national and a Hong Kong company linked to money laundering for Iran’s exchange house were also blacklisted. With oil exports still flowing through Asia despite naval blockades, Secretary Bessent made clear: no country — not even China — is off the hook if they help Iran profit. This is war on Iran’s finances, and the U.S. won’t stop until every dollar is cut off.
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