Politics
Turkey revokes Bank Mellat's licence and halts Mahan Air flights amid US pressure
September 19, 2026 at 04:54 PM
Coverage
3 reports · 2 in Arabic, 1 in English · over 11 hours
Turkey has revoked the operating licence of Iranian lender Bank Mellat's Istanbul branch, while Mahan Air is suspending its flights to Turkey from September 21.
- Turkey's Banking Regulation and Supervision Agency revoked Bank Mellat's Istanbul branch licence, citing a banking law clause allowing withdrawal when a bank risks depositors' rights or financial stability.
- Mahan Air said it will suspend flights to Turkey from 21 September at the request of Turkish authorities, the semi-official ISNA news agency reported.
- The US Treasury this month sanctioned Turkish Golden Global Bank and two subsidiaries, accusing it of facilitating tens of millions of dollars in transactions for Iran's Qods Force; the bank denied the claims.
- The Treasury also stated that Turkey and Oman decided to halt Mahan Air flights.


