US plans to sanction another bank in effort to clamp down on Iran transactions, Bessent tells AP

7:18 PM ETDeveloping

World Desk

Official portrait of Treasury Secretary Scott Bessent (cropped) — Photo: United States Department of the Treasury / Wikimedia Commons (Public domain)

The Trump administration plans to impose sanctions on another bank this week in an effort to clamp down on Iran transactions, Treasury Secretary Scott Bessent said Sunday. Bessent had recently announced a new campaign to push countries that still do business with the already heavily sanctioned Islamic Republic to sever their financial ties or face retaliation from the United States.

“This is going to be financial violence if we have to,” Bessent said in the interview.

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The Trump administration plans to impose sanctions on another bank this week in an effort to clamp down on Iran transactions, Treasury Secretary Scott Bessent said Sunday.
“This is going to be financial violence if we have to,” Bessent said in the interview.
Bessent had recently announced a new campaign to push countries that still do business with the already heavily sanctioned Islamic Republic to sever their financial ties or face retaliation from the United States.

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