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Trump Administration to Sanction Unnamed ‘Large’ Bank on Monday, Bessent Says
Bessent said the move will expand pressure on Tehran and follow earlier sanctions that hit nearly 60 entities, individuals and vessels.
- 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.
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Trump Team to Sanction Major Bank Starting Monday, Sparking Global Market Turmoil
The Trump administration plans to impose sanctions on a major unnamed bank starting Monday, per Treasury Secretary nominee Scott Bessent. The early announcement has triggered market speculation, compliance reviews, and uncertainty across global finance as investors assess potential impacts. This reflects the incoming team's aggressive use of financial tools for foreign policy goals.
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US to Sanction Unnamed Major Bank as Iran Pressure Campaign Escalates
The Trump administration plans to sanction a large bank on Monday as Washington increases economic pressure on Iran. Treasury Secretary Scott Bessent said the institution ... The post US to Sanction Unnamed Major Bank as Iran Pressure Campaign Escalates first appeared on [your]NEWS.
Coverage Details
Total News Sources39
Leaning Left1Leaning Right6Center7Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
C 50%
R 43%
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