U.S. Sanctions Turkish Bank

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 instructed U.S. diplomats to press governments to cut Iran-related financial ties, including branches of Iranian banks. Treasury Secretary Scott Bessent welcomed European Commission support for the campaign.