https://www.live-feeds.com/feed/a-core-egyptian-bank-gets-caught-up-in-treasury-s-iran-crackdownContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/a-core-egyptian-bank-gets-caught-up-in-treasury-s-iran-crackdownhttps://www.live-feeds.com/feed/a-core-egyptian-bank-gets-caught-up-in-treasury-s-iran-crackdown#u52828Mon, 31 Aug 2026 07:07:14 +0000The US Treasury has imposed sanctions and limits on the UAE branches of Banque Misr, Egypt's second-largest bank, for conducting business with Iran. This action is part of a broader US effort to isolate Iran economically and sever its financial lifelines. In response, the central banks of Egypt and the UAE are coordinating a review of the situation, with the UAE central bank launching an urgent examination of the affected branches. Banque Misr stated it will take necessary measures to maintain normal business operations.Why it mattersTreasury Secretary Scott Bessent is leading a crackdown