US issues fresh Iran-related sanctions as war marks six months

प्रकाशित: 29-08-2026 | 09:21 AM

Updated on 29 Aug 26, 14:18:47 PKT Summary The Trump administration plans to ⁠impose limits on an Egyptian bank for doing business with Tehran WASHINGTON (Reuters) - The United States issued additional targeted Iran-related sanctions on Friday after Treasury Secretary Scott Bessent earlier this week threatened further action six months into Washington's ongoing war with Iran. The Trump administration plans to ⁠impose limits on an Egyptian bank for doing business with Tehran and revoke US financial access to Banque Misr’s branches in the United Arab Emirates, a US official told Reuters. The Financial Times earlier reported the forthcoming action. Also Read: Trump signals continued pressure on Iran amid nuclear deal standoff The official said the proposed rule, ⁠if finalized, would revoke Banque Misr UAE's correspondent banking access to US financial institutions. Treasury officials separately issued sanctions targeting one entity based ⁠in Hong Kong and one person linked to Iran's Bank Melli, according to a notice posted on ⁠the Department of Treasury's website. Iran has urged other nations not to join new ⁠US sanctions.