Reza Zarrab, a Turkish-Iranian gold trader who cooperated with US authorities, is set to be sentenced in July, almost nine years after his initial guilty plea. Zarrab’s testimony was central to the US investigation into Halkbank, Turkey’s state-run lender, and its alleged involvement in helping Iran circumvent US sanctions. The impending sentencing coincides with efforts by the US government to resolve the case against Halkbank itself. Court records cited by Reuters indicate the sentencing is scheduled to occur after a lengthy period following Zarrab’s guilty plea. His cooperation provided key evidence regarding the alleged scheme. The US aims to conclude the Halkbank case alongside Zarrab’s sentencing, potentially through a deferred prosecution agreement or other resolution. This development marks a significant step in the long-running legal battle.