Trump administration limits Egyptian bank's UAE operations over Iran support

The Trump administration has proposed limiting the operations of Banque Misr in the UAE, accusing the bank of financially supporting Iran's leadership. This action is part of a broader U.S. strategy to isolate Iran economically as tensions escalate. The proposed rule will cut off the bank's access to the U.S. financial system and will be subject to a 30-day public comment period before taking effect.