Lebanon's central bank this week canceled the local license of Bank Saderat Iran, one of Iran's largest banks, as the United States presses countries to sever commercial ties with Tehran. Governor Karim Souaid told Bloomberg the move signals a determination to protect the banking sector from any entity that could expose it to contamination risk, and follows tighter restrictions from other regional central banks. The bank's operations in Lebanon were very narrow, mainly facilitating certain transfers tied to specific networks or entities. Sanctions had effectively cut it off from major correspondent banking networks such as SWIFT and global payment systems.
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Lebanon's central bank has revoked the local license of Bank Saderat Iran, one of Iran's largest banks, as Washington pushes countries to cut commercial ties with Tehran. Governor Karim Souaid said the decision, made this week, aims to shield the banking sector from financial and regulatory risks, following tighter curbs on Iran's financial system by other regional central banks. The bank's Lebanese branch mostly handled certain transfers tied to specific networks rather than retail banking, and sanctions had already cut it off from SWIFT. Souaid also stressed that Lebanon must be removed from the FATF gray list and eliminate illicit funds as it negotiates an IMF loan.
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Republican Sen. Jon Husted, in an interview with Ohio newspapers, acknowledged that midterms are tough on the party in power but said he will win if voters who backed President Trump two years ago turn out in significant numbers. He dismissed polls showing Democrat Sherrod Brown ahead, including a YouGov poll with Brown at 49% and Husted at 45% and an InsiderAdvantage poll with Brown up by 1 point, noting that some past polls were poor indicators of results. On data centers, Husted said his bill requiring them to pay for needed energy infrastructure passed the House 417-3 but failed in the Senate, falling short of the 60 votes needed to advance, and that local communities should decide whether to accept such projects. On the Iran war, he said the conflict should end on terms favorable to the U.S., and he voted against a resolution that would have directed President Trump to end military hostilities, which failed 49-50. Brown's campaign declined a similar interview invitation.
- Here how Husted answered our questions on data centers , Iran war , other issues in U . S . Senate race | Local
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