NEW: Türkiye's banking regulator revoked the operating license of Bank Mellat's Istanbul branch, a 100% Iranian state-owned bank that's been in Türkiye since 1982.

INTELLIGENCE SUMMARY

NEW: Türkiye's banking regulator revoked the operating license of Bank Mellat's Istanbul branch, a 100% Iranian state-owned bank that's been in Türkiye since 1982. BDDK cited threats to financial system stability. The bank was already largely cut off (no SWIFT, removed from Türkiye's EFT system) after US sanctions, but this formally ends its operations.