U.S. Issues Sanctions On Turkish Bank That It Calls 'Critical Financial Lifeline' For Iran

WASHINGTON (AP) — The Trump administration has imposed sanctions on a Turkish financial institution as part of its latest effort to sever “critical financial lifelines” for the Iranian government. The actions Friday against Golden Global Yatirim Bankasi Anonim Sirketi come after Treasury Secretary Scott Bessent launched "Operation Economic Outcast." It's the new administration effort to isolate already heavily sanctioned Iran from its remaining trading partners to try to get it to capitulate to U.S. demands after more than six months of war. The U.S. also targeted an Egyptian bank’s operations in the United Arab Emirates last week.