US sanctions Egypt's Banque Misr in Iran pressure campaign amid truce deadlock

The US has sanctioned Banque Misr, Egypt's second-largest bank, as part of intensified economic pressure on Iran, coinciding with stalled truce negotiations. The move marks a significant escalation in US financial statecraft, targeting a major regional financial institution. Uncertainty remains over the scope of the sanctions and potential ripple effects on Egypt's economy and regional banking.