US sanctions on Turkey-based company over Iran

The U.S. Treasury Department added Turkey-based Fugo Yer Hizmetleri A.Ş. to its Iran sanctions list, widening measures targeting companies tied to Iranian operations. The designation places the ground-handling services firm among entities subject to U.S. restrictions, though the article did not specify the scope of any asset freeze or transaction limits. The move signals Washington's continued scrutiny of Turkish firms with Iranian links as it enforces its sanctions regime. What to watch next is whether Fugo's counterparties and Turkish trade flows adjust in response, and whether further Turkish entities are added in subsequent rounds.