US sanctions hit Iran's key Turkey funding routes

The U.S. Treasury Department has imposed new sanctions on three entities linked to Iran, including Gold Global Bank in Turkey, in an effort to cut off the vital financial support for the Iranian regime, particularly to bolster the Quds Force and the Iranian Revolutionary Guard Corps. These measures are part of the "Economic Outlaw" operation, through which Washington aims to diminish Iran's financial influence. The bank had facilitated transactions worth millions of dollars and transferred Iranian funds internationally. The U.S. Treasury Secretary affirmed that American authorities are committed to enforcing these sanctions and expressed hope that there will be no need to impose further measures on other banks in response to Iran's escalation and threats.

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