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🇱🇧 Lebanon /Elections & Politics

US targets Turkish entities with Iran-related sanctions

From LBCI Lebanon · () English

Summarized by DistantNews. Read the original for the full story.

At a glance

News Official statement Ongoing story
  • The U.S. Treasury sanctioned three Turkey-based entities as part of Washington’s campaign to pressure Iran economically.
  • The department also issued a license allowing transactions with the sanctioned entities to be wound down.
  • The measures follow other efforts to restrict Iran-linked financial channels and come as the conflict has pushed energy prices higher worldwide.

The U.S. Treasury Department has targeted three Turkey-based entities with new Iran-related sanctions, tightening Washington’s economic pressure on Tehran.

The sanctioned companies are Golden Global Portfoy Yonetimi Anonim Sirketi, Golden Global Varlik Kiralama Anonim Sirketi, and Golden Global Yatirim Bankasi Anonim Sirketi. Treasury also issued a general license allowing transactions with the entities to be wound down.

The action forms part of the Trump administration’s campaign against Iran’s financial links. It comes six months into what the article describes as Washington’s war with Iran, a conflict that has pushed energy prices higher around the world.

Treasury Secretary Scott Bessent said last month that Washington was pursuing an “economic onslaught” against Iran’s financial connections and seeking to force Tehran back to the negotiating table. The latest move follows Washington’s decision last week to cut off Banque Misr branches in the United Arab Emirates from U.S. dollar transactions over their dealings.

economic onslaught

· Scott BessentThe U.S. Treasury secretary used the phrase last month to describe Washington’s campaign against Iran’s financial links.
About this summary

Originally published by LBCI Lebanon. Summarized and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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