U.S. Targets Iran’s Financial Lifelines | Business and Finance News

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Recorded28 Aug 2026

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The Treasury Department just dropped a financial hammer on Iran’s global economic lifelines, sanctioning the UAE branch of Egyptian bank Banque Misr and cutting it off from U.S. systems — the first strike in “Operation Economic Outcast.” Alongside this, an Iranian national and a Hong Kong company linked to money laundering for Iran’s exchange house were also blacklisted. With oil exports still flowing through Asia despite naval blockades, Secretary Bessent made clear: no country — not even China — is off the hook if they help Iran profit. This is war on Iran’s finances, and the U.S. won’t stop until every dollar is cut off. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/00945f82e12eecd5

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