Ottoman of the 19th century needed heavy support of the British and the French powers to keep the Russians in check during before and after Crimea. Using this pretext British particularly enforced upon Ottoman to enforce reforms which will make it independent of the Islamic character and more accommodating towards its Christian minority. This can also be one of the reasons as to why Turkey despite being a super majority Islamic country still has modernity akin to the Western countries of Europe and Americas. Eventually Turkey had to relinquish much of its territories after the World War 1 including population exchanges with Greece.
The squeeze can also be used in other ways, by less powerful countries, when you are heavily indebted to the economies of other countries e.g. in case of India and Arab states especially Qatar. This country which has the Anti-India Al Qaeda as its official mouthpiece, had forced the Indian Government to suspend its national spokesperson during the fiasco following a live debate in 2022. Indian government had to relent during that time. It also kept the Indian government on its toes when 8 former naval officers were handed death sentence with charges of spying for Israel. The Indian diplomacy was able to take care of it with some efforts from the Top leaders as well. These countries know that India relies on heavy remittances from the money made in Gulf which can be often used as a leverage to extract certain agendas.