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US plans to sanction another bank in effort to clamp down on Iran transactions, Bessent tells AP
Treasury Secretary Scott Bessent said the move is part of a campaign to pressure countries that still do business with Iran.
- On Sunday, Treasury Secretary Scott Bessent announced the Trump administration plans to impose new sanctions on another bank this week to clamp down on Iran transactions.
- Bessent recently initiated a campaign demanding countries sever financial ties with Iran or face retaliation from the United States, vowing an "economic onslaught" against trading partners.
- China, which buys 90% of Iran's oil, issued a defiant warning to Washington regarding these measures, refusing to back down despite United States pressure.
- Despite United Arab Emirates promises to sever transactions last week, Iranian bank branches remain open in Dubai and commercial flights between Iran and Turkey continue.
- During Group meetings in Asheville, North Carolina, Bessent will meet individually with counterparts from major economies to encourage participation in the economic isolation of Iran.
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28 Articles
28 Articles
The US is planning sanctions on another bank this week, in its efforts to curb Iran's transactions, the Treasury Department said today.
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U.S. plans to sanction another bank in effort to clamp down on Iran transactions, Bessent tells AP
The Trump administration plans to impose sanctions on another bank this week in an effort to clamp down on Iran transactions, Treasury Secretary Scott Bessent said Sunday.
·Washington, United States
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Associated Press News+14 Reposted by 14 other sources
US plans to sanction another bank in effort to clamp down on Iran transactions, Bessent tells AP
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.
·New York, United States
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Total News Sources28
Leaning Left11Leaning Right4Center10Last UpdatedBias Distribution44% Left
Bias Distribution
- 44% of the sources lean Left
44% Left
L 44%
C 40%
R 16%
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