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US Cuts Banque Misr UAE Operations From Dollar System in Iran Pressure Drive

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US Cuts Banque Misr UAE Operations From Dollar System in Iran Pressure Drive

🏦 SANCTIONS — Egypt's second-largest bank loses dollar access; Cairo didn't sign up for this war. 📌 LOOK CLOSER: Banque Misr's UAE arm is a known conduit for Gulf-Egypt remittances and trade finance. Cutting it from the dollar system signals Bessent is extending secondary pressure beyond Chinese refineries to Arab financial nodes. Cairo will face a choice: comply publicly or absorb the blow quietly to preserve Gulf trade.

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