Bessent expects new US secondary sanctions weekly, aiming to increase pressure on Iran

"You're going to see a lot more of these every week," Bessent said ahead of a Group of 20 finance leaders meeting. "We're starting with the banks, and we're telling the banks it's not okay to have Ir

By David Lawder ASHEVILLE, North Carolina, Aug 30 (Reuters) - The U.S. Treasury Department is likely to unveil weekly new secondary sanctions aimed at increasing economic pressure on Iran, with an initial focus on banks, U.S. Treasury Secretary Scott Bessent told Reuters on Sunday. After imposing penalties on the Unite

The next step may be cutting off an institution entirely from the dollar-based financial system.

Bessent expects new US secondary sanctions weekly, aiming to increase pressure on Iran  Reuters