{
  "id": 4014909,
  "title": "US to set limits on Egyptian bank in effort to pressure Iran: official",
  "url": "https://urgent.news/2026/08/28/us-to-set-limits-on-egyptian-bank-in-effort-to-pressure-iran-official",
  "topic": "world",
  "section": "World",
  "published": "2026-08-28T18:39:05.000Z",
  "source": {
    "name": "Channel News Asia",
    "slug": "channel-news-asia",
    "url": "https://www.channelnewsasia.com/world/us-iran-egypt-banque-misr-limits-6348541"
  },
  "original_language": "en",
  "account": "The US Treasury Department plans to restrict the operations of a major Egyptian bank, Banque Misr's UAE branches, from the US financial system, according to an official. This move is part of Washington's strategy to put pressure on Iran by cutting it off from the global financial system. Treasury Secretary Scott Bessent stated that Iran's supporters should not be able to continue benefiting from access to the US dollar and global financial system. The Treasury Department's action will take effect after a month-long public comment period. Banque Misr's UAE operations will be limited to transactions with correspondents in US dollars only. The US Treasury Department also announced sanctions on the manager of the Dubai branch of Iran's Bank Melli and a Hong Kong-based front company involved in laundering funds for a sanctioned Iranian exchange house.",
  "summary": "The move is part of Washington’s wider effort to pressure Iran by cutting it off from the global financial system.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Punch",
        "title": "Iran seeks diplomacy, demands end to US pressure",
        "url": "https://urgent.news/2026/08/28/iran-seeks-diplomacy-demands-end-to-us-pressure",
        "published": "2026-08-28T20:24:16.000Z"
      },
      {
        "outlet": "Middle East Eye",
        "title": "US cuts off major Egyptian bank from global financial system",
        "url": "https://urgent.news/2026/08/28/us-cuts-off-major-egyptian-bank-from-global-financial-system",
        "published": "2026-08-28T20:25:29.000Z"
      },
      {
        "outlet": "CBS News",
        "title": "H. R. McMaster says economic pressure on Iran will \"make a big difference\" as war hits 6-month mark",
        "url": "https://urgent.news/2026/08/28/h-r-mcmaster-says-economic-pressure-on-iran-will-make-a-big",
        "published": "2026-08-28T22:13:59.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}