Germany revokes Iran Bank's Hamburg license

The German financial regulatory authority announced the revocation of the Iran Export Bank branch license in Hamburg and ordered its liquidation, preventing the institution from engaging in banking activities. This step comes amid heightened pressure on the bank amid international tensions, especially with the intensification of U.S. sanctions on Iran. The timeline for completing the liquidation process has not yet been clarified, and Germany's decision is considered an additional restrictive measure against the bank, which is known for its role in Iranian financing.

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