US may announce new Iran bank sanctions this week, next week: Scott Bessent
Bessent said the Treasury is also examining airline leasing firms and using new authorities across digital assets, aviation and maritime sectors.
- On Tuesday, U.S. Treasury Secretary Scott Bessent announced at the G20 summit in Asheville, North Carolina, that Washington is likely to impose new sanctions on banks linked to Iran this week and next.
- This escalation expands 'Operation Economic Outcast,' Bessent's strategy unveiled last week to target Iran's oil revenue and international financial intermediaries; a recent $1.8 billion bank designation marked the opening sequence.
- Targeting the Islamic Revolutionary Guard Corps , Bessent threatened 'financial violence' against entities doing business with the group, stating the U.S. will freeze assets including '100 million dollar houses' held by violators.
- Washington is privately pressing China to halt Iranian oil purchases, though Beijing objects to secondary sanctions, arguing bilateral trade relationships are not subject to unilateral U.S. enforcement.
- Bessent noted that the strategy aims to change Tehran's calculus rather than induce immediate economic collapse, predicting results could materialize within weeks or months.
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The United States authorities plan to systematically impose sanctions on any individuals and entities that support Iran, stated US Treasury Secretary Scott Bessent. The United States plans to consistently impose restrictive measures on all those involved in assisting the Iranian side, transmits RIA News. "We all want this conflict to end, and the fastest way to end it is to ensure that no one provides any support. We will systematically identify…
US President Donald Trump has not ruled out that Washington may impose sanctions on Chinese banks for doing business with Iran
US President Donald Trump has not ruled out that Washington may impose sanctions on Chinese banks for doing business with Iran. Earlier, Chinese Foreign Ministry spokesman Lin Jian, commenting on the statements of the US authorities that the...
US to announce new sanctions on Iran's banking sector this week - BessentWashington is preparing sanctions against Iran's banking sector and the assets of the IRGC. The US plans to freeze accounts and real estate linked to the regime.
Bessent Says New Iran Sanctions Targeting Banks Expected to Start This Week
Former director of the US National Economic Council Larry Kudlow and U.S. Secretary of the Treasury Scott Bessent speak at the G20 Finance Ministers and Central Bank Governors' meeting in Asheville, N.C., on Sept. 1, 2026. (Allison Joyce/AFP via Getty Images)
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