America urges Egypt and China on Iran
The United States has imposed financial restrictions on the Egypt Bank branches in Abu Dhabi and Dubai, aiming to bolster its efforts to combat clandestine financial networks that assist Iran in circumventing sanctions. The measures targeted the branches’ access to banking messaging services and U.S. payment networks, amid transactions totaling approximately $1.8 billion between January 2024 and June 2026, involving companies linked to Iran that are used to evade American sanctions. The actions also affected the manager of the Millie Bank branch in Dubai and a Hong Kong-based company, with the goal of reducing sources of secret funding and enacting stricter laws on the involved financial institutions. The United States continues its strategy to cut off illegal funding channels, this move occurring amid ongoing tensions between Washington and Tehran over the nuclear deal and security issues, with military operations continuing and escalation between the two countries intensifying.
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