U.S. sanctions Turkish bank accused of enabling Iran as Bessent says he 'hopes for' no further bank penalties

President Donald Trump hyped the sanctions plan as "economic D-Day" against Iran, but the U.S. has so far taken few steps to implement it. The Treasury Department on Friday announced sanctions against a small Turkish investment bank and two of its subsidiaries, which the U.S. accuses of facilitating funds for an arm of Iran's Revolutionary Guard [1].

Sources

1. cnbc.com · U.S. sanctions Turkish bank accused of enabling Iran as Bessent says he 'hopes for' no further bank penalties Sep 4, 2026

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