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.