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U.S. Targets Banque Misr’s UAE Branches | San Antonio News
The U.S. Treasury is striking at Iran’s financial lifelines by targeting Banque Misr’s UAE branches, signaling a hardening stance against countries still doing business with Tehran — even as it seeks to avoid global economic disruption. While Egypt’s central bank confirms the move only affects dollar transfers to those UAE branches, not operations elsewhere, Washington is also sanctioning key Iranian financial actors in Dubai and Hong Kong for money laundering. Treasury Secretary Scott Bessent will rally global finance ministers at the G20 to build an international coalition to isolate Iran…
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