US to Sanction Large Bank on Monday
Treasury Secretary Scott Bessent announced that the United States will sanction an unnamed major financial institution next week. The action aims to increase economic pressure on Iran to end the ongoing conflict.
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The United States Treasury will sanction an unnamed large financial institution on Monday to penalize entities tied to Iran's trade networks, Treasury Secretary Scott Bessent said on Thursday. The penalty was pushed back from Friday to accommodate memorial ceremonies marking the anniversary of the 2001 attacks. The action extends a six-month economic campaign targeting regional revenue streams and financial intermediaries.
