What to Know About Bank Melli, Singled Out in U.S. Call for Economic War
- Posted on August 26, 2026
- Us And Israeli Attack On Iran (2026)
- By The New York Times
- 1 Views
- 1 min read
Bank Melli, Iran's principal financial institution, faces unprecedented restrictions following U.S. Treasury directives aimed at dismantling its international operations. Treasury Secretary Scott Bessent has mandated the closure of all foreign branches, escalating economic pressure on Tehran's banking sector. These measures represent a significant intensification of financial sanctions targeting Iran's economic infrastructure, severely constraining the bank's capacity to conduct cross-border transactions and maintain global financial relationships.
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What to Know About Bank Melli, Singled Out in U.S. Call for Economic War
Bank Melli, Iran’s largest lender, already faces waves of sanctions that severely limit its ability to operate abroad. Every foreign branch must be shut down, Treasury Secretary Scott Bessent said. continue reading...