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2026-09-19T10:21:00.000Z

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Turkey revokes Iran bank branch license

Turkey revokes Iran bank branch license

The Turkish authorities decided to revoke the operating license of the Iranian Mellat Bank branch in Istanbul, according to a notice published in the Official Gazette, amid U.S. pressure on Iran. This move comes after the United States imposed sanctions on a Turkish bank and Turkey's adherence to American sanctions on Iranian companies, amid concerns about the impact on Turkey's financial system stability.

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