US Sanctions Target Dubai Banks as Iran’s Trade Lifeline Cuts Off
The US Treasury has launched 'Operation Economic Outcast,' targeting Dubai-based branches of Egypt’s Banque Misr for facilitating Iranian financial flows. This move follows the UAE’s suspension of trade with Iran, aiming to cut off Tehran’s access to hard currency and imports. While Iran’s oil exports to China continue, the blockade prevents the conversion of yuan into spendable currency, forcing reliance on alternative routes through Turkey and Iraq.
