US sanctions Turkish bank network for moving Iranian oil revenue

The US Treasury designated Istanbul-based Golden Global Yatirim Bankasi and two subsidiaries on September 4 for facilitating Iranian oil revenue transfers, part of Washington's ongoing 'maximum pressure' campaign. The action targets a financial conduit, not a state actor, signaling an escalation in enforcement against third-country intermediaries. This tightens Iran's access to international finance, potentially constraining its oil exports and associated revenue flows.