US plans to sanction another bank in effort to clamp down on Iran transactions, Bessent tells AP
- Posted on August 30, 2026
- By The Toronto Star
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- 1 min read
In brief
The Trump administration intensifies its financial pressure on Iran by targeting additional banking institutions through fresh sanctions measures. Treasury Secretary Scott Bessent announced plans to implement sanctions against another financial entity within the coming week, marking an escalation in the administration's strategy to disrupt Iran's international monetary transactions and limit its access to global financial systems.
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US plans to sanction another bank in effort to clamp down on Iran transactions, Bessent tells AP
ASHEVILLE, N.C. (AP) — 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
