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August 28, 2026

Treasury Proposes New Rule to Sanction Banque Misr UAE for Iran Ties

  • The Treasury Department has proposed a new rule to sever Banque Misr's UAE branches from U.S. financial access.
  • This move is part of a broader campaign to isolate Iran economically and follows the bank's alleged support of Tehran's leadership.
  • The proposed rule will undergo a 30-day public comment period before taking effect.

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