Sourced fact
The News
According to Al Jazeera, Turkey has revoked Milat Bank's license to operate in Istanbul due to Western sanctions imposed on the bank over allegations of providing support to Iran's nuclear program.
Analysis & context
Analysis & Context
Analytically, this step by Turkey reflects the strain in relations between the two countries in light of growing Western pressure. In a broader context, these sanctions aim to isolate Iran's financial system from the global financial network.
