The #UK has announced it won’t renew waivers for #Iran|ian banks that have been working in London. The action could effectively shut down London’s #BankMelli subsidiary, whose #British license is due for renewal next month. www.wsj.com/world/middle...

The UAE's central bank has banned Iran's Bank Melli - in the country since 1969 - from all transactions with Iran, citing regulatory violations. The move cuts off one of Tehran's key financial lifelines. #TDFP #UAE #Iran #BankMelli #Sanctions