U.S. Targets Turkish Bank to Crush Iran’s Oil Money | Lubbock News

The U.S. Treasury just slapped sanctions on a Turkish bank, Golden Global Yatirim Bankasi, as part of “Operation Economic Outcast” to choke off Iran’s oil money flow — routing cash from China through Turkey to gold and cash. The Treasury claims the bank knowingly aided sanctioned Iranian entities. Secretary of the Treasury warned more banks could face similar fates, using a blunt metaphor about burying Iran’s “head.” But while the U.S. pushes for isolation, it’s walking a tightrope — hesitant to disrupt global trade, as seen in its partial move against an Egyptian bank. The goal remains economic pressure, but with room for negotiation, making this high-stakes financial chess game far from over. 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/52e9e252065e7618