US may announce new Iran bank sanctions this week, next week: Scott Bessent
Bessent said the Treasury is also examining airline leasing firms and using new authorities across digital assets, aviation and maritime sectors.
- On Tuesday, U.S. Treasury Secretary Scott Bessent announced at the G20 summit in Asheville, North Carolina, that Washington is likely to impose new sanctions on banks linked to Iran this week and next.
- This escalation expands 'Operation Economic Outcast,' Bessent's strategy unveiled last week to target Iran's oil revenue and international financial intermediaries; a recent $1.8 billion bank designation marked the opening sequence.
- Targeting the Islamic Revolutionary Guard Corps , Bessent threatened 'financial violence' against entities doing business with the group, stating the U.S. will freeze assets including '100 million dollar houses' held by violators.
- Washington is privately pressing China to halt Iranian oil purchases, though Beijing objects to secondary sanctions, arguing bilateral trade relationships are not subject to unilateral U.S. enforcement.
- Bessent noted that the strategy aims to change Tehran's calculus rather than induce immediate economic collapse, predicting results could materialize within weeks or months.
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Bessent says U.S. likely to announce Iran bank sanctions this week
The Secretary of the United States Treasury, Scott Bessen, said on Tuesday that the US will probably announce sanctions against a bank this week as part of its economic campaign against Iran. Read also: Two oil tankers carrying Saudi oil are attacked in Ormuz Iran will resume commitments in interim agreement if the US does the same, says President Trump promises retaliation after Iran's attacks on American bases in the Gulf. 我We will probably an…
The Economic Times
Times of IndiaUS may announce new Iran bank sanctions this week, next week: Scott Bessent
US Treasury Secretary Scott Bessent revealed plans for new sanctions targeting Iran-linked banks soon. The department is also investigating airline leasing companies as part of its campaign. These actions aim to increase financial pressure on Iran amid heightened geopolitical tensions. The US is coordinating these efforts with international allies and discussing them with China. Iran's currency has significantly declined, reflecting severe finan…
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India News AustraliaUS to unveil new Iran bank sanctions
Asheville (US), Sep 1 (IANS) US Treasury Secretary Scott Bessent has said Washington is preparing fresh sanctions against banks helping Iran, warning that entities doing business with the Islamic Revolutionary […] The post US to unveil new Iran bank sanctions appeared first on Indian Abroad News.
Scott Bessent says US likely to announce Iran bank sanctions this week
The sanctions could further isolate Iran economically, impacting global markets and potentially altering geopolitical alliances and trade dynamics. The post Scott Bessent says US likely to announce Iran bank sanctions this week appeared first on Crypto Briefing.
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