India, Aug. 28 -- US-Israel-Iran War Latest Live News: The United States has stepped up its economic pressure campaign against Iran by targeting the United Arab Emirates branches of Banque Misr, Egypt's second-largest bank. The US Treasury Department has proposed cutting the bank's UAE operations off from the US financial system, accusing it of helping Iranian entities access dollar-based financial networks.

The move comes six months into the ongoing US-Israel-Iran conflict and follows US Treasury Secretary Scott Bessent's warning that Washington would pursue the "economic asphyxiation" of Tehran.

US Treasury Targets Banque Misr UAE Branches In New Iran Sanctions Move

The US Treasury's Financial Crimes Enforcement Network (FinCEN) has ...