Turkey revokes license of Iranian Mellat Bank under US pressure
Summary
Turkey has revoked the operating license of Iran's Mellat Bank, a move attributed to the US Treasury Department's recent sanctions campaign against Iranian financial entities. This action represents a significant escalation in economic warfare, isolating Iranian banking operations from the international financial system and tightening the noose on Tehran's economic lifelines.
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Sources (1)
Actor Responses
Subject to financial isolation as its Mellat Bank loses its Turkish operating license.
Imposed sanctions on related Turkish entities, driving the regulatory action against the Iranian bank.
Related Events (2)
"Both events are part of the same coordinated US sanctions campaign ('Operation Economic Outcast') targeting different sectors of the Iranian economy (aviation and banking) to isolate Tehran financially."
"Both events represent the immediate economic and logistical consequences of US pressure on Iran within Turkey, specifically affecting Iranian commercial and financial operations in Istanbul."