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US Targets Turkish Bank to Crush Iran's Financial Flow | Perth News
Description
US Treasury slams Turkish bank Golden Global Yatirim Bankasi and two subsidiaries with new sanctions, cutting them off from the dollar system to pressure Iran’s oil revenue flows. This follows similar moves against Egyptian banks in UAE — Treasury Secretary calls it “you are out of business” and warns more sanctions are coming. Officials allege the bank helped funnel Iranian funds through Turkey, even aiding IRGC-linked entities. While experts question real impact on the war or global economy, OFAC issues a wind-down license — signaling U.S. resolve in its economic campaign against Iran.
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