US Treasury Secretary Bessent said Washington has warned that any entity aiding Iran will be denied access to US dollars and the global financial system. The UAE branch of Egypt's Misr Bank has run afoul of that warning; today the Treasury took the first step to hold the bank accountable for its ongoing, egregious support for the Iranian regime.

2026-08-28

US Treasury Secretary Bessent said Washington has warned that any entity aiding Iran will be denied access to US dollars and the global financial system. The UAE branch of Egypt's Misr Bank has run afoul of that warning; today the Treasury took the first step to hold the bank accountable for its ongoing, egregious support for the Iranian regime.