The U.S. Treasury Department proposed a new rule that would sever the Emirati branches of Banque Misr from access to the U.S. financial system. The measure targets the bank’s UAE operations as part of a push to isolate Iran economically.
WHO:U.S. Treasury Department
WHAT:Proposed rule to sever Banque Misr’s Emirati branches from access to the U.S. financial system
WHEN:Aug 28, 2026
WHERE:United Arab Emirates
WHY:To isolate Iran economically by limiting financial access for targeted entities.
