US imposes sanctions on Turkish bank it says is linked to Iran

Washington has added a Turkish bank to its pressure campaign against Iran, targeting Golden Global Yatirim Bankasi Anonim Sirketi with sanctions.

The U.S. Treasury Department said the measure aims to cut financial connections to the Iranian government. It came nearly a week after Treasury Secretary Scott Bessent announced “Operation Economic Exile,” a new effort to force Tehran to end the war by isolating Iran from its remaining global trading partners.

The campaign has already reached beyond Turkey. Last week, the United States targeted the operations of an Egyptian bank in the United Arab Emirates. But the article portrays the wider initiative as struggling to deliver the promised “economic D-Day,” with warnings and negotiations with Iran’s trading partners replacing the initial push for rapid isolation.

At the same time, the Trump administration has continued military attacks in recent days, prompting an Iranian response and renewed concern that tensions in the region could worsen. The combined strategy has yet to produce a clear outcome for an administration that has struggled to end the war with what the article describes as an unyielding Iranian government.

“We hope it will no longer be necessary to sanction banks, but ultimately that depends on how quickly the international community comes to its senses and stops supporting the murderous Iranian regime,” Bessent said.

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We hope it will no longer be necessary to sanction banks, but ultimately that depends on how quickly the international community comes to its senses and stops supporting the murderous Iranian regime.