Treasury Moves to Sanction UAE Branch of Egyptian Bank Over Iran Ties The recent move by the US Treasury Department to sanction Banque Misr UAE, a branch of an Egyptian bank, has sent shockwaves through the international financial community.
At first glance, this appears to be just another salvo in the long standing conflict between the US and Iran.
However, upon closer inspection, it reveals a more nuanced picture – one that speaks volumes about the evolving nature of economic warfare.