Turkey has revoked the operating license of Iran’s Mellat Bank, closing its Istanbul branch where it had been active for decades. This decision by Turkey’s banking regulator, the BDDK, marks Ankara’s alignment with the U.S. campaign to increase financial pressure on Iran. It could signal Turkey’s closer alignment with American sanctions and reflect broader geopolitical shifts in the region. Observers are watching for responses from Iranian authorities, particularly from President Masoud Pezeshkian.
Source: Read the original article
