Bank Melli Faces Fresh US Sanctions, Forced to Shut Foreign Branches
· World · New York Times
Bank Melli, Iran’s largest lender, faces new sanctions from the US that severely restrict its international operations. Treasury Secretary Scott Bessent confirmed that all foreign branches must be closed. The sanctions aim to further isolate Iran’s banking system from global financial networks. Bank Melli has long been a target of US sanctions due to its alleged links to Iran’s military activities.
Why it matters
The sanctions deepen Iran’s economic isolation and could disrupt its access to global financial systems, with potential ripple effects on international trade and oil markets.
Read the original report — New York Times
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