⚡️🇮🇸🗳🇪🇺 – Iceland is set to reject the continuation of accession negotiations with the European Union by an extremely tight margin, although the result cannot be called yet.

So far, "No" is in the lead by 0.2% of the vote.

@GeoPWatch

🇺🇸❌🇪🇬🇮🇷 - The US Treasury Department has issued a sanction notice to Banque Misr's subsidiary in UAE, accusing it of facilitating "Iranian regime's access to US dollars."

Banque Misr is Egypt's second largest bank. Its Emirati subsidiary is accused of processing $1.8 billion between January 2024 and June 2026 for 103 companies suspected of being part of Iranian shadow banking networks.

The sanction notice has prompted the UAE to launch an in-depth investigation into the branch, which could potentially lead to the revocation of its banking license in the UAE.

Egypt's Central Bank has clarified that the US sanction only applies to the dollar transactions of the Emirati Branch.

@GeoPWatch