US plans to sanction another bank to keep economic pressure on Iran
Washington has recently stepped up efforts to economically pressure Tehran amid the deadlocked truce talks. Washington plans to impose sanctions on another bank this week as it steps up its campaign to economically isolate Tehran amid the deadlocked truce talks, the US Treasury chief has said.
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Key Facts
- Fact 1: “You’re going to see a lot more of these every week,” he said on Sunday, ahead of a Group of 20 finance leaders meeting in Asheville, North Carolina.
- Fact 2: Last week, the Treasury Department imposed new sanctions on nearly 60 individuals and entities that Washington accused of being part of networks helping Iran generate oil revenue, procure weapons and conduct cyber-operations.
- Fact 3: Cooperation against Iran Bessent is preparing to host the meeting of the G20’s finance leaders, where he will huddle individually with his counterparts from the world’s major and developing economies to encourage cooperation against Iran.
Washington has recently stepped up efforts to economically pressure Tehran amid the deadlocked truce talks. Washington plans to impose sanctions on another bank this week as it steps up its campaign to economically isolate Tehran amid the deadlocked truce talks, the US Treasury chief has said.
In an interview with The Associated Press news agency on Sunday, Treasury Secretary Scott Bessent declined to name the bank to be targeted by sanctions. The home front: How Israel, Iran, and US leaders have been hit by the war How has life changed for Iranians six months into the war? What’s behind the US move to hit Egyptian bank with Iran sanctions?
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