Bessent says U.S. likely to announce Iran bank sanctions this week

Bessent says U.S. likely to announce Iran bank sanctions this week  Reuters

By Parisa Hafezi and David Lawder DUBAI/ASHEVILLE, North Carolina, Sept 1 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Tuesday Washington was likely to announce bank sanctions against Iran this week, stepping up an attempt to "economically asphyxiate" Iran's leadership after six months of conflict. Oil pri

Tehran remains defiant, warning that it would prevent oil being exported from the Gulf

The latest package of US sanctions on Iran is unlikely to achieve Washington’s objectives.

Iran Sanctions: Operation Economic Outcast Auctions Dollar Access  Forbes

State of the Union: Egypt’s Banque Misr was given 30 days before it is cut from the dollar system.

Treasury Secretary Scott Bessent announced Operation Economic Outcast on Aug. 24, a massive expansion of sanctions aimed at severing Iran's ties to the global economy by targeting the infrastructure used for evasion.

President Donald Trump threatened to bomb Oman if it “gets in the way” of American plans for the future of the Strait of Hormuz. Despite the threat, Iran and Oman announced that they are nearing an agreement to open and manage a single corridor through the strait. While this statement doesn’t address tolling, Muscat ha