The United States is moving forward with plans to impose additional sanctions targeting Egyptian bank Banque Misr, in a bid to intensify economic pressure on Iran amid ongoing tensions. Bessent, a spokesperson, indicated that the sanctions are aimed at clamping down on Iranian transactions and may lead to weekly new restrictions. As part of this initiative, US Treasury officials have also threatened to cut off the bank’s UAE branches from access to the US dollar. Following the US notice, both UAE and Egyptian central banks announced coordination efforts in response to the situation, stressing the need to review actions related to the Banque Misr branches. The sanctions reflect an ongoing strategy of isolating Iran economically, particularly as the situation in the region continues to evolve.