U.S. Imposes First Secondary Sanctions on Egyptian Bank Over Alleged Iran Connections

First Secondary Sanctions Applied: US Blocks Egyptian Bank From Accessing Dollars Over 'Iran Ties'

First Secondary Sanctions Applied: US Blocks Egyptian Bank From Accessing Dollars Over 'Iran Ties' The US Treasury Department on Friday unveiled its first 'secondary' Iran sanctions related to Trump's 'Economic D-Day' against Iran, on Friday naming an Egyptian bank in the UAE.  Ironically both of these latter countries are close American allies, and this comes at a moment the White House has failed to confirm whether the US will actually go after China for the same trade violati...

By Tyler Durden