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U.S. sanctions Turkish bank, accusing it of helping Iran transfer oil revenue from China to Turkey by converting it to cash and gold

Posted on September 5, 2026
By Fortune
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1 min read

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U.S. sanctions Turkish bank, accusing it of helping Iran transfer oil revenue from China to Turkey by converting it to cash and gold

The actions against Golden Global Yatirim Bankasi Anonim Sirketi come after Treasury Secretary Scott Bessent last week launched “Operation Economic Outcast."