Turkey’s banking regulator, the BDDK, has officially revoked the operating license of Iran’s Mellat Bank. This decision mandates the immediate cessation of the bank’s activities in Istanbul, where the institution had maintained a presence for several decades.
The regulatory action follows ongoing efforts by the United States to restrict Iran’s financial operations. By closing the bank, Turkey aligns itself more closely with U.S. sanctions aimed at entities that facilitate the movement of funds for Tehran.
Analysts are now observing the potential geopolitical consequences of this move. The decision may signal a shift in regional dynamics, with stakeholders closely monitoring official responses from Iranian leadership and institutions regarding the impact on bilateral relations.
