Trump promised ‘economic D-Day’ for Iran. So far, actions have come in drips
US Secretary of State Marco Rubio this week instructed diplomats around the world to tell their host countries they must “systematically identify and sever” ties to Iran, and those with branches of Iranian banks must shut them down immediately.
On Friday, the US Treasury Department announced it was targeting a Turkish bank and its subsidiaries that allegedly serve as “critical financial lifelines” to Iran.” Last week, the Treasury Department proposed cutting off the UAE branches of Banque Misr, Egypt’s second largest bank, from the US financial market.
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