The US Treasury is justified in using the PATRIOT Act to cut Banque Misr UAE off from dollar clearing over its alleged role in Iran’s shadow-banking network

The policies, political debates, and institutional decisions shaping how the United States engages with Iran, from diplomacy and sanctions to military and congressional action.

Coverage of the American economy and the policy that shapes it: inflation, employment, tariffs, taxation and the federal budget. Distinct from business news, which follows companies rather than the decisions taken in Congress and at the Federal Reserve.

United States strategy and action abroad, spanning diplomacy, alliances, sanctions, foreign aid and military commitments. Formally the president's domain, though Congress holds the purse and the treaty power, which makes most of it a negotiation between the two branches of government.

FinCEN proposed on 28 August to bar correspondent accounts for the five Emirati branches of Egypt's Banque Misr, naming them a primary money-laundering concern. It estimates 1.8 billion dollars moved for 103 firms tied to Iran's shadow-banking network since 2024.