Trump Administration to Sanction Unnamed ‘Large’ Bank on Monday, Bessent Says
Bessent said the move is part of a broader campaign that has already hit nearly 60 entities, vessels and individuals tied to Iran.
- Treasury Secretary Scott Bessent announced Thursday the United States will sanction a large, unnamed bank on Monday to continue economic pressure on Iran and end the more-than-six-month conflict.
- Escalating its campaign last month, the administration implemented 'Operation Economic Outcast,' sanctioning nearly 60 entities, vessels, and individuals targeting Iran's oil, shipping, and aviation sectors.
- Bessent warned, "We will make it so unprofitable" for those dealing with Iran, citing prior closures of Dubai branches of Egypt's second-largest bank involving $1.8 billion and Turkey's largest bank.
- The announcement was delayed from its original Friday schedule to Monday, September 14, 2026, to honor the 25th anniversary of the September 11, 2001, attacks.
- President Donald Trump predicted Wednesday the conflict with Iran will likely persist until after the November midterm elections, signaling the administration's economic pressure campaign faces a long-term timeline.
21 Articles
21 Articles
Bessent: US will sanction a major bank on Monday
According to a report from The Jerusalem Post, US Treasury Secretary Scott Bessent said Thursday that the Trump administration will hit a large bank with sanctions next week as Washington keeps tightening economic pressure on Tehran to halt a US-Iran conflict that has lasted more than six months. Bessent did not name the institution or […]
Jerusalem Post
Trump administration to sanction unnamed 'large' bank on Monday, Bessent says
Bessent said the move was originally scheduled for Friday but was postponed because of the ceremonies marking the 25th anniversary of the September 11 attacks.
Trump administration to sanction unnamed ‘large’ bank on Monday, Bessent says
By Jasper Ward WASHINGTON, Sept 10 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Thursday the Trump administration will sanction a large bank next week as it continues to apply economic pressure on Tehran to end a more than six-month U.S....
"A major bank" will face US sanctions next week, US Treasury Secretary Scott Besant said on Thursday. More...
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