We are taking the first step in holding it accountable for its continued, egregious support of the Iranian regime. The US Secretary of the Treasury writes on the social platform X.

"Treasury promised to sever every economic lifeline Tehran has left and finally end the threat of the Iranian regime.

We also warned that Iran’s enablers cannot continue to enjoy access to the U.S. dollar and the global financial system.

Banque Misr UAE decided to find out the hard way, and today, we are taking the first step in holding it accountable for its continued, egregious support of the Iranian regime", - writes Scott Bessent.