U.S. sanctions Turkish bank over alleged Iran oil revenue transfers
The U.S. sanctioned Golden Global Yatirim Bankasi Anonim Sirketi, accusing it of helping Iran transfer oil revenue through cash and gold conversions.
- Treasury sanctioned Golden Global Yatirim Bankasi Anonim Sirketi.
- The bank is accused of converting oil revenue from China to cash and gold for Iran.
Sources
- Fortune — U.S. sanctions Turkish bank, accusing it of helping Iran transfer oil revenue from China to Turkey by converting it to cash and gold
- CNBC — U.S. sanctions Turkish bank accused of enabling Iran as Bessent says he 'hopes for' no further bank penalties
- CNBC — U.S. 'Economic Outcast’ operation gains momentum as EU joins sanctions; South Korea weighs military backing
- The Guardian — South Korea pushes back on reports it is readying Hormuz deployment amid US pressure