U.S. Sanctions Turkish Bank
Washington targets a Turkish bank it says helped Iran evade financial restrictions.
September 4, 2026 · Updated Sep 4, 4:39pm ET
PBS NewsHourU.S. issues sanctions on Turkish bank that it calls a 'critical financial lifeline' for Iran
CNBCU.S. sanctions Turkish bank accused of enabling Iran as Bessent says he 'hopes for' no further bank penalties
New York PostExclusive | US severs Iran’s ‘financial lifeline’ to NATO ally Turkey with bank sanctions: ‘Find out the hard way’
CNNTrump promised ‘economic D-Day’ for Iran. The result isn’t what was expected
Associated PressUS issues sanctions on Turkish bank that it calls a 'critical financial lifeline' for Iran
World News GroupBessent praises EU statement on effort to pressure Iran’s economy
NewsmaxUS Issues Sanctions on Turkish Bank That It Calls 'Critical Financial Lifeline' for Iran
Epoch TimesUS Sanctions Turkish Bank Accused of Providing Financial Lifeline to Iran
RedStateBessent: Banks Now Finding Out the Hard Way on Iran Sanctions
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Pano rates the coverage Balanced.
What happened
The U.S. Treasury imposed sanctions on Turkey-based Golden Global Yatirim Bankasi Anonim Sirketi and two subsidiaries, saying they were a financial lifeline for Iran by facilitating funds tied to Iranian oil sales and the Revolutionary Guard. The action is the second bank penalty under Operation Economic Outcast, the Trump administration campaign to isolate Tehran’s financial networks. Secretary of State Marco Rubio
Marco Rubio72nd United States Secretary of State since 2025 instructed U.S. diplomats to press governments to cut Iran-related financial ties, including branches of Iranian banks. Treasury Secretary Scott Bessent
Scott BessentUnited States Secretary of the Treasury welcomed European Commission support for the campaign.
U.S.-Iran Regional Conflict
Part of the storyline · Storyline →- Sep 6U.S. Strikes Iranian TankersLeans Right
- Sep 5U.S. Strikes Iranian TankersLeans Right
- Sep 4U.S. Sanctions Turkish Bank (this story)Balanced
- Sep 4Trump Downplays Iran ConflictMostly Left
- Sep 3JD Vance Rejects Iran TimelineLeans Left
