U.S. sanctions Turkish financial institution for aiding Iran's Revolutionary Guard
The U.S. Treasury imposed sanctions on a Turkish financial institution and two of its subsidiaries on September 4, 2026, for their involvement in supporting Iran's Islamic Revolutionary Guard Corps (IRGC). According to U.S. Ambassador to Turkey Tom Barrack, the three entities were facilitating fund transfers for the IRGC, serving as conduits for Tehran's illicit proceeds.
However, Barrack emphasized that the sanctions were not directed at Turkey, cautioning against misinterpreting the measure as a judgment on Türkiye. The decision came after extensive consultations between the U.S. Treasury and its Turkish counterparts. Meanwhile, in a separate development, Israeli forces conducted multiple raids across the West Bank, Jenin, and the northern outskirts of Jerusalem, as well as strikes in Lebanon.
These operations followed a drone attack by Iran's Hezbollah organization on IDF soldiers in southern Lebanon, which was intercepted and downed by Israeli forces.
Written by urgent.news from Haaretz's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- US targets Turkish entities with Iran-related sanctions brecorder.com
- US imposes sanctions on Turkish bank, prompting legal threat aljazeera.com
