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US Sanctions Turkish Bank Over Alleged Iran Ties

September 5, 2026

Summary

The U.S. imposed sanctions on a Turkish bank, accusing it of facilitating millions in transactions for Iran and its Revolutionary Guard Corps, prompting a legal threat from Turkey and raising concerns about further bank penalties.

Coverage by lane

Left

  • US imposes sanctions on Turkish bank, prompting legal threat

Center

  • U.S. sanctions Turkish bank accused of enabling Iran as Bessent says he 'hopes for' no further bank penalties

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