Washington has moved to cut off a key conduit of Iranian money flowing through Turkey, imposing fresh sanctions on a Turkish bank that has been used to channel Tehran’s funds into the NATO alliance. The Treasury’s action targets the institution’s ability to process transactions tied to Iran’s oil revenues and other illicit activities, signaling a tougher U.S. stance on the country’s regional financing network. Officials say the measure is intended to pressure Iran over its nuclear program and regional behavior, while also warning Turkey that continued cooperation could come at a steep cost. The sanction’s ripple effects could strain Ankara’s economic ties with both Tehran and its Western partners, prompting a diplomatic scramble to mitigate fallout.
Exclusive | US severs Iran’s ‘financial lifeline’ to NATO ally Turkey with bank sanctions: ‘Find out the hard way’ New York Post
