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Bessent Says Iranian Money ‘Not Ok’, Warns Banks of Weekly Sanctions to Pressure Country

Summary by Business Times
He plans to tell G20 ministers to cut economic ties to the Islamic nation or face penalties Read more at The Business Times.

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The US Treasury Secretary says that every week we will see more sanctions aimed at hitting Iran.

·Borås, Sweden
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On Monday, United States Treasury Secretary Scott Biscent announced that his country intended to impose new secondary sanctions on Iran on a weekly basis, in the context of increasing economic pressure on it, noting that banking institutions would be at the centre of the proceedings during the first phase.

·Syrian Arab Republic (the)
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U.S. Treasury Secretary Scott Besant has signaled additional sanctions against banks doing business with Iran. The United States recently sanctioned UAE branches that handled illicit funds linked to the Iranian Ministry of Defense, and plans to simultaneously pressure countries importing Iranian crude oil through discussions with China.

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Cryptocurrency News | Cryptocurrency Prices | Market Cap broke the news on Monday, August 31, 2026.
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