{
  "id": 5692878,
  "title": "US targets Turkish entities with Iran-related sanctions",
  "url": "https://urgent.news/2026/09/05/us-targets-turkish-entities-with-iran-related-sanctions",
  "topic": "world",
  "section": "World",
  "published": "2026-09-05T01:55:29.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40438011/us-targets-turkish-entities-with-iran-related-sanctions"
  },
  "original_language": "en",
  "account": "The US Treasury Department imposed new sanctions on a Turkish investment bank and two of its subsidiaries, citing their alleged role in facilitating Iran's oil revenues. The three entities - Golden Global Yatirim Bankasi Anonim Sirketi, Golden Global Portfoy Yonetimi Anonim Sirketi, and Golden Global Varlik Kiralama Anonim Sirketi - were added to the Treasury's list of Specially Designated Nationals, cutting them off from the dollar-based financial system. The Treasury also issued a general license for the entities to wind down their transactions.\n\nTreasury Secretary Scott Bessent described the move as a \"code for you are out of business\" and warned of further sanctions in the coming weeks. The targeted bank, Golden Global Yatrim Bankasi, is the 35th-largest in Turkey with total assets of $516.63 million. According to the Treasury, the bank was established to enable Iran's shadow banking network to transfer oil revenues from China to Turkey, where they could be converted to cash and gold.\n\nThe sanctions come as part of the Trump administration's efforts to economically pressure Iran, six months into the US-Israel war with Iran. Bessent aims to force Tehran back to the negotiating table and has announced an \"economic onslaught\" against Iran's financial links globally. The latest sanctions are likely to be a weekly occurrence, targeting banks first, in an intensified campaign to pressure Iran economically.",
  "summary": "WASHINGTON: The US Treasury Department said on Friday it imposed new Iran-related sanctions on a small Turkish investment bank and two subsidiaries as part of the Trump administration’s effort to increase economic pressure on Iran. The entities targeted are Instanbul-based investment bank Golden Global Yatirim Bankasi Anonim Sirketi, asset manager Golden Global Portfoy Yonetimi Anonim Sirketi,…",
  "key_points": [
    "US Treasury sanctions Turkish investment bank and two subsidiaries",
    "Entities added to Specially Designated Nationals list",
    "General license issued for winding down transactions"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Haaretz",
        "title": "U.S. sanctions Turkish financial institution for aiding Iran's Revolutionary Guard",
        "url": "https://urgent.news/2026/09/05/u-s-sanctions-turkish-financial-institution-for-aiding-irans",
        "published": "2026-09-05T02:15:56.000Z"
      },
      {
        "outlet": "Al Jazeera",
        "title": "US imposes sanctions on Turkish bank, prompting legal threat",
        "url": "https://urgent.news/2026/09/05/us-imposes-sanctions-on-turkish-bank-prompting-legal-threat",
        "published": "2026-09-05T05:19:05.000Z"
      }
    ]
  },
  "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."
}