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U.S. Targets Egyptian Bank Linked to Iran | Texas News
The U.S. Treasury is cutting off Egyptian bank Banque Misr’s access to American financial markets for aiding Iran — a targeted move to pressure global partners without crippling trade. While not a full sanction, it signals Washington’s intent to isolate Iran economically, with officials warning Iran’s allies they can’t keep using the U.S. dollar or global financial systems. The Treasury also slapped sanctions on a Dubai bank manager and a Hong Kong firm linked to Iran’s money laundering. A 30-day public comment period precedes finalization, and Treasury Secretary plans to rally major…
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