U.S. Treasury Targets UAE and Turkey Banks

The U.S. Department of the Treasury has begun strict measures against banks in the UAE and Turkey that support Iran's Mahan Air, according to a department spokesperson. The procedures include imposing restrictions and oversight on these financial institutions as part of the United States' efforts to pressure the Iranian regime and diminish its capacity to support Iranian activities abroad. No specific details have been provided yet regarding the numbers or the extent of the sanctions.

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