Treasury Targets Egyptian Bank
U.S. Treasury seeks sanctions on an Egyptian bank's UAE branches over alleged Iran ties.
August 28, 2026 · Updated Aug 28, 5:20pm ET
PBS NewsHourU.S. targets Egyptian bank's UAE branches under new push for Iran's economic isolation
UPITreasury Secretary Scott Bessent moves to sanction bank in UAE for Iran ties
Epoch TimesUS Proposes Sanctions Targeting Egyptian Bank Branches Over Iran Ties
Associated PressUS targets Egyptian bank's UAE branches under new push for Iran's economic isolation
Washington TimesTreasury announces new sanctions on Egyptian bank’s UAE branch
CNBCTreasury moves to sanction UAE branch of Egyptian bank over Iran ties
Just the NewsTreasury targets Egyptian bank in bid to throttle Iran
TownhallTrump Admin Sends a Warning to Allies Funding Iran As the US Severs UAE Bank From the Dollar
Hot AirBessent Has the Knife Out For Iran's Stealth Funding Network -- The Next Risk Is a Run for the Exits
RedStateNew Treasury Blitz Targets Iran Shadow Fleet Bankers, Brokers
PJ MediaTrump's Economic D-Day Targets the Ayatollah's Favorite Bank
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Pano rates the coverage Mostly Right.
What happened
The U.S. Treasury Department proposed a rule on Aug. 28 to cut Banque MisrBanque MisrEgyptian bank’s United Arab Emirates branches off from U.S. financial institutions by revoking their correspondent banking access. Treasury said the branches processed about $1.8 billion over the past two years for 103 companies potentially linked to Iran’s shadow-banking networks. The proposed action is part of Operation Economic Outcast, a Trump administration effort led by Treasury Secretary Scott Bessent
Scott BessentUnited States Secretary of the Treasury to isolate Iran’s economy and pressure Tehran.
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