Image: Fox NewsStrait of Hormuz traffic remains below normal as US sanctions pressure Iran
• The U.S. Treasury Department launched "Operation Economic Outcast" this week, targeting Iranian financial networks to increase economic pressure on Tehran. • As part of the operation, FinCEN proposed a rule to revoke the U.S. correspondent banking access of Banque Misr UAE, an Egyptian bank branch allegedly linked to the Iranian regime. • Iran's Supreme Leader Mojtaba Khamenei has acknowledged the resulting economic hardships, while Banque Misr UAE stated it is reviewing the accusations with "utmost seriousness."
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