U.S. is planning weekly Iran sanctions against banks, Bessent tells G20

Treasury Secretary Scott Bessent told Reuters the effort will escalate to cutting institutions off from the dollar-based financial system

"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

The Trump administration recently signalled that it would shift from military strikes to economic pressure

"This is going to be financial violence if we have to," Bessent said in the interview. "We are showing people that we know who you are, you know who you are, and this has got to stop."

US plans to sanction another bank in effort to clamp down on Iran transactions, Bessent tells AP  Toronto Star

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

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

US plans to sanction another bank in effort to clamp down on Iran transactions, Bessent tells AP  AP News