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US hits Egyptian bank branches with Iran sanctions as war marks six months

The Straits TimesView source article

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US hits Egyptian bank with Iran sanctions as war marks six months

The US Treasury imposed sanctions on Banque Misr's UAE branches, cutting the major Egyptian bank from the global financial system as part of escalating economic pressure on Iran six months into the conflict. Iran condemned the move as 'state terrorism.'

Aug 28, 2026·11 sourcesIran WarEconomic warfareSanctions & economic countermeasuresMiddle East
US hits Egyptian bank with Iran sanctions as war marks six months
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US hits Egyptian bank branches with Iran sanctions as war marks six months | Reuters

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US cuts off major Egyptian bank from global financial system

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US to set limits on Egyptian bank in effort to pressure Iran: official

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