U.S. Announces New Bank Sanctions Against Iranian Financial Institutions to Halt Transactions
U.S. Treasury Secretary Scott Bessent announced plans to sanction another Iranian bank to disrupt financial transactions with Tehran. The move is part of broader economic pressure amid stalled truce talks. The sanctions are expected to be announced this week, with support sought from the G20.
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Scott Basnett, during an interview with AP given in Asheville, North Carolina, ahead of the G-20 meeting, said that they will take the toughest financial measures.
"This will be financial warfare if we have to do it," said Treasury Secretary Scott Bessent. "We are showing those people that we know who they are and that this has to stop," said the official hours before meeting with envoys from some of the world's major economies
ASHEVILLE: The Donald Trump administration is planning to impose sanctions against another bank this week in an effort to increase economic pressure on Iran, said US Treasury Secretary Scott Bessent yesterday.
Washington has recently stepped up efforts to economically pressure Tehran amid the deadlocked truce talks.
US plans to sanction another bank in effort to clamp down on Iran transactions, Bessent tells AP Arab News
U.S. plans to sanction another bank in effort to clamp down on Iran transactions, Bessent tells AP PBS
The U.S. Treasury Secretary said that another Iranian bank will be sanctioned this week.
US plans to sanction another bank in effort to clamp down on Iran transactions, Bessent tells AP AP News
Treasury Secretary Scott Bessent says the Trump administration plans to impose sanctions on another bank this week in effort to clamp down on Iran transactions