At the same time as the United States imposes sanctions on a Turkish bank and two financial companies, Washington has expanded its pressure on the financial networks of the Islamic Republic.

Siamak Joadi, a lecturer and researcher in financial economics, said that the United States has not shifted its focus from the UAE to Turkey; rather, by implementing secondary sanctions more seriously, it is targeting the “financial architecture” of the Islamic Republic. He added that this approach sharply increases the cost of bypassing sanctions and, if it continues, will push Iran’s economy into a cycle of declining foreign-currency revenues, inflation, a drop in the value of the national currency, and greater pressure on people’s livelihoods.