The US Treasury Department has imposed sanctions on Golden Global Yatirim Bankasi Anonim Sirketi, a Turkish bank. The US accuses the bank of facilitating Iran's efforts to transfer oil revenue from China to Turkey. Specifically, the bank is alleged to have provided financial services to Iranian entities, effectively acting as a critical financial link for Tehran. These sanctions aim to disrupt Iran’s access to the international financial system and curb its oil sales. The Treasury argues this bank helped Iran bypass existing US sanctions. This action underscores the US commitment to enforcing sanctions against Iran and disrupting its financial networks. The move is the latest in a series of US efforts to restrict Iran’s economic activities.