Treasury Secretary Bessent Says 'Large Bank' to Be Sanctioned Monday as Part of Iran Strategy
Scott Bessent said a major bank will face U.S. sanctions next week, part of Washington's ongoing pressure campaign targeting Iran.
U.S. Treasury Secretary Scott Bessent said a large bank will be sanctioned on Monday as part of the Trump administration's strategy toward Iran, according to CNBC.
Bessent did not identify the bank or provide further details on the specific reasons for the sanctions, CNBC reported.
The announcement comes amid ongoing U.S. efforts to apply economic pressure on Iran through sanctions targeting financial institutions and other entities allegedly linked to Tehran's activities.
CNBC's report did not specify whether the bank in question is a U.S. institution or a foreign one, nor did it detail the scope of the sanctions.
Further details on the sanctioned bank and the specific measures involved are expected to be announced Monday, according to the report.
Sources
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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