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US moves to cut Banque Misr's UAE branches off from dollar transactions over Iran dealings

Confirmedon an admission by the acting party plus an independent origin: 1 distinct origin, 1 tied to no party.

The US Treasury moved on 28 August to cut Banque Misr's UAE branches off from dollar transactions over dealings with Iran, part of Treasury Secretary Bessent's pressure campaign, Reuters reported via The Times of Israel. Egypt's central bank said the measure affected only that lender's UAE branches and no other Egyptian bank. Bloomberg, via gCaptain, described it as a proposed rule and said Bessent planned to target a second bank within the week.

When
28 August 2026
Where
United Arab Emirates, the UAE
What
sanction
Acting party
Government of the United States
Attribution
Acknowledged by the acting party. Announced by the US Treasury.
In the record
Published 2026-10-27 21:03 UTC · revision 1 · backfilled

Sources

  1. Evidence Times of Israel Media · Unaffiliated origin: US Treasury action and Central Bank of Egypt statement, reported by Reuters · published 2026-08-28 00:00 UTC
  2. Origin of the claim gCaptain Media · Unaffiliated origin: Bessent remarks to AP, reported by Bloomberg · published 2026-08-31 00:00 UTC

History

WhenFieldFromToWhy
2026-10-27 21:03 UTCstatusnullconfirmedP1 backfilled: researched from cited sources and graded by the one rule

Cite or reuse

The War Record, "US moves to cut Banque Misr's UAE branches off from dollar transactions over Iran dealings", ev-20261027-g51s, revision 1, https://thewarrecord.com/events/ev-20261027-g51s/

This month's events as JSON (id ev-20261027-g51s) · CC BY 4.0