US sanctions Dubai crypto exchange over Iran ties

The United States has imposed sanctions on a Dubai-based cryptocurrency exchange for allegedly helping Iran's Islamic Revolutionary Guard Corps (IRGC) evade sanctions and for facilitating funding to the IRGC. The action follows a Reuters report on the matter. The sanctions are part of broader US pressure on Iran, as President Trump has also promised a deal with Tehran. Meanwhile, German industry association BDI warned that a potential Iran war could dampen global economic growth.