GeopoliticsConfirmedMediumDeveloping

Turkey revokes Bank Mellat licence amid US sanctions pressure on Iran

Turkey's banking regulator revoked the Istanbul licence of Iran's Bank Mellat, a US-sanctioned entity, after 44 years, citing depositor and financial stability risks without explicitly referencing US sanctions. The move signals Turkish alignment with US pressure on Iran, though the official rationale leaves room for domestic regulatory motives.

Middle East Eye2 days agoTR, IR, USengCredibility 48%View source

Score Breakdown

Mosaic Score5.8

Confidence0.7

Significance0.5

Source credibility0.5

Intelligence Tags

#sanctions #banking #iran #turkey #us-treasury #financial-stability

Locations

Istanbul

Entities

countrycountrycountryconcept

Source

Part of 2 situations

activeGeopoliticsMarkets55m ago

Turkey — 10 developments

→ stable·18 signals·TR, IR, US +6Score 5.7

developingGeopolitics13h ago

Turkey Revokes Iranian Bank Mellat License Amid US Sanctions Pressure

Turkey has revoked the operating license of Iranian Bank Mellat in Istanbul, a long-sanctioned entity by the US. This action, confirmed by multiple sources, indicates increased Turkish compliance with US sanctions on Iran, despite the official rationale citing depositor and financial stability risks. The move represents a notable shift in Turkey's enforcement posture.

↑ escalating·2 signals·TR, IR, USScore 5.4