US plans to sanction another bank to keep economic pressure on Iran
In an interview with The Associated Press on Sunday, US Treasury Secretary Scott Bessent said Washington plans to impose sanctions on another bank this week, declining to name it. This follows recent sanctions on nearly 60 individuals and entities linked to Iran's oil revenue, weapons procurement, and cyber-operations. Bessent warned of 'financial violence' and said more sanctions are coming weekly. The announcement comes amid stalled truce talks and renewed violence, with Iran launching missiles at US bases in Jordan after a US attack on Larak Island. Bessent also mentioned potential sanctions on China for its trade with Tehran, but rejected the idea that the US is reluctant to confront China.
What we know
The US recently cut off UAE operations of Basque Misr from the US financial system for doing business with the Iranian government.
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Iran launched missiles at two US bases in Jordan on Sunday, the first violence since late July.
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Bessent is preparing to host a G20 finance leaders meeting in Asheville, North Carolina.
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The Treasury Department imposed new sanctions on nearly 60 individuals and entities last week.
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The announcement was made in an interview with The Associated Press on Sunday.
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US Treasury Secretary Scott Bessent announced plans to sanction another bank this week.
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The US attacked Larak Island in southern Iran.
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Bessent declined to name the bank.
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US Treasury Secretary Scott Bessent announced plans to impose sanctions on another bank this week as part of efforts to economically pressure Iran amid deadlocked truce talks.
Preliminary · 1 sourcesLive reports
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