HomeWorldAmericaUS targets Turkish entities with Iran-related sanctions

US targets Turkish entities with Iran-related sanctions

-

WASHINGTON, Sept 4 (Reuters) - ‌The U.S. Treasury Department issued new ​Iran-related sanctions on Friday, targeting three Turkey-based entities, according ⁠to the department's website.

 The entities targeted are Golden Global Portfoy Yonetimi Anonim Sirketi, Golden Global Varlik ​Kiralama Anonim Sirketi, and Golden Global Yatirim Bankasi Anonim ‌Sirketi.

 The Treasury Department also issued a general license to allow the wind down of transactions with the sanctioned ⁠entities.

The action is the latest in ⁠the Trump administration's campaign to economically pressure Tehran six months into Washington's war with Iran, which has pushed energy prices higher worldwide.

Treasury Secretary Scott ‌Bessent, who last month announced an "economic onslaught" against ⁠Iran's financial links around the ‌world, has said Washington is seeking ​to force Tehran back to the negotiating table.

Last week, Washington moved to cut off Egyptian ‌lender Banque Misr's branches in the ​United Arab Emirates ⁠from U.S. dollar transactions over their dealings ‌with Iran.

In an interview ⁠with Reuters on Sunday, Bessent said the Treasury Department was likely to roll out new secondary sanctions ​every week, initially ‌focusing on banks, as part of a broader campaign ⁠to intensify economic pressure ​on Iran.

(Reporting by Ismail Shakil, Katharine Jackson; ​editing by Michelle Nichols)

tagreuters.com2026binary_LYNXMPEM8317U-VIEWIMAGE

Author

Stay Connected

2,300FansLike
292FollowersFollow
120FollowersFollow
1,230FollowersFollow
140,985SubscribersSubscribe

Related articles

Latest posts

Share on Social Media