Turkey has revoked the operating license of Iran’s Mellat Bank, according to local media. The decision comes as part of broader measures taken by Turkey in response to US sanctions against Iranian financial institutions.
The move by Turkey follows recent US actions targeting Iranian banks, which have been seen as part of a wider effort to limit Iran’s financial influence in the region. Turkish officials have expressed concern over the impact of these sanctions on regional stability and economic cooperation.
Mellat Bank, based in Tehran, has been a key player in Iran’s financial sector, facilitating transactions with countries outside the region. The revocation of its license in Turkey marks a significant step in the growing tensions between Iran and Western nations.
The decision has raised concerns among Iranian officials, who argue that such actions undermine international trade and financial cooperation. The situation remains under close watch as diplomatic channels continue to seek resolution.
