US Taps Gulf Allies, Warns Chinese Banks in Stepped-up Iran Sanctions Push

Amid Hormuz blockade, US Treasury threatens to sanction Chinese banks trading with Iran

Trump’s self-declared “cease-fire” in his war of aggression against Iran is rapidly proving to be the prelude to another vast escalation of what is in reality a global conflict, now involving China.

US takes control of Iranian funds in Gulf banks

Secretary of the Treasury says US has sent a request to Gulf states to freeze funds belonging to IRGC commanders and members of Iran’s leadership.

If Iranian money flows through your accounts, we are willing put secondary sanctions: US warns Chinese banks - The Tribune

United States Secretary of the Treasury Scott Bessent on Wednesday (local time) warned that the US is prepared to impose secondary sanctions on Chinese financial institutions if they are found facilitating Iranian financial flows.

US Threatened 2 Chinese Banks With Sanctions Over Suspected Iranian Transactions: Bessent

Two Chinese banks recently received letters from the U.S. Treasury threatening secondary sanctions if the agency can prove that Iranian money is flowing through their accounts, Treasury Secretary Scott Bessent said on April 15. The Treasury Department announced on April 14 that it would hit foreign banks and financial institutions with secondary sanctions if they “continue to support Iran’s activities” while the regime remains at war with the Un…

US taps Gulf allies, warns Chinese banks in stepped-up Iran sanctions push

US Treasury Secretary Scott Bessent said on April 15 in Washington that the US is working with Persian Gulf allies to obtain data on bank accounts linked to members of the Iranian government and is contacting international lenders, including in China

US treasury chief says Gulf allies willing to share Iran-linked bank data

Treasury secretary says US engaging global banks, including Chinese institutions, to curb Iran-related transactions