US to announce new Iran bank sanctions this week
Treasury Secretary Scott Bessent stated that the United States will likely announce new banking sanctions against Iran this week. The move forms part of a broader economic campaign targeting the Islamic Revolutionary Guard Corps and associated entities.
Insights:
The United States will roll out new sanctions targeting an Iran-linked bank this week as part of an escalating economic campaign, Treasury Secretary Scott Bessent said on Tuesday. The measures form part of a broader push to increase financial pressure on Tehran through weekly secondary sanctions. The crackdown aims to sever targeted institutions entirely from the dollar-based financial system.
