U.S. Treasury sanctions UAE bank over Iranian sanctions evasion

The U.S. Treasury Department announced new sanctions against a United Arab Emirates-based financial institution accused of acting as a key financial lifeline for the Iranian regime. The measures are part of a broader economic D-Day strategy intended to isolate Iran's economy following the degradation of its military infrastructure earlier this year. The action restricts the bank’s ability to conduct dollar transactions, further tightening the multilateral pressure on Tehran’s remaining revenue streams.

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