U.S. Intensifies Economic Pressure on Iran, Targets Egyptian Bank's UAE Branches Amid Strait of Hormuz Negotiations

The Trump administration is escalating its economic campaign against Iran, targeting the Emirati branches of an Egyptian bank, Banque Misr, for allegedly serving as an economic lifeline to Tehran. This move comes as Iran states it is compiling a list of conditions for reopening the Strait of Hormuz, a crucial global shipping chokepoint, after mediators requested Tehran outline its terms.