US targets Turkish entities with Iran-related sanctions


A general view of the Treasury Building on day two of a partial government shutdown in Washington, D.C., U.S., February 1, 2026. REUTERS/Ken Cedeno

WASHINGTON, Sept 4 (Reuters) - ⁠The U.S. Treasury Department issued new Iran-related ⁠sanctions on Friday, targeting three Turkey-based entities, ‌according to the department's website.

The entities targeted are Golden Global Portfoy Yonetimi Anonim Sirketi, Golden Global Varlik Kiralama Anonim Sirketi, ​and Golden Global Yatirim Bankasi Anonim ⁠Sirketi.

The Treasury Department ⁠also issued a general license to allow the wind ⁠down ‌of transactions with the sanctioned entities.

The action is the latest in the Trump ⁠administration's campaign to economically pressure Tehran six ​months into ‌Washington's war with Iran, which has pushed energy ⁠prices higher ​worldwide.

Treasury Secretary Scott Bessent, who last month announced an "economic onslaught" against Iran's financial links around the world, ⁠has said Washington is seeking ​to force Tehran back to the negotiating table.

Last week, Washington moved to cut off Egyptian lender Banque ⁠Misr's branches in the United Arab Emirates from U.S. dollar transactions over their dealings with Iran.

In an interview with Reuters on Sunday, Bessent said the ​Treasury Department was likely to ⁠roll out new secondary sanctions every week, initially ​focusing on banks, as part ‌of a broader campaign to ​intensify economic pressure on Iran.

(Reporting by Ismail Shakil, Katharine Jackson; editing by Michelle Nichols)

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