The United States imposed Iran-related sanctions on August 28, 2026, targeting Egyptian Banque Misr and its UAE branches, part of Treasury Secretary Scott Bessent's effort to increase economic pressure as the US war with Iran marks six months.
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WASHINGTON, Aug 28 - The U.S. imposed Iran-related sanctions on an Egyptian bank on Friday, part of Treasury Secretary Scott Bessent's campaign to increase economic pressure to try to break a stalemate six months into Washington's war with Iran.
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By Daphne Psaledakis and David Lawder WASHINGTON, Aug 28 (Reuters) - The United States issued additional targeted Iran-related sanctions on Friday after Treasury Secretary Scott Bessent earlier this week threatened further action six months into Washington's ongoing war with Iran. The Trump administration plans to impose limits on an Egyptian bank for doing business with Tehran and revoke U.S. fin
The U.S. imposed new Iran-related sanctions on Friday, six months into the war with Tehran. Washington plans to restrict Egypt’s Banque Misr over dealings with Iran, including cutting its UAE branches’ access to U.S. financial institutions. The Treasury also sanctioned a Hong Kong entity and an individual linked to Iran’s Bank Melli. Source: Reuters
US hits Egyptian bank branches with Iran sanctions as war marks six months Reuters