US Treasury Secretary Bessent said that the US Treasury Department plans to impose more second-tier sanctions on Iran every week, starting with banks. He said, “We are telling banks that it is not OK to hold Iranian funds and assist the Iranian regime,” and said “we may directly sanction a bank” next time. Previously, the US imposed restrictions on the United Arab Emirates branch of an Egyptian bank.

US Treasury Secretary Bessent said that the US Treasury Department plans to impose more second-tier sanctions on Iran every week, starting with banks. He said, “We are telling banks that it is not OK to hold Iranian funds and assist the Iranian regime,” and said “we may directly sanction a bank” next time. Previously, the US imposed restrictions on the United Arab Emirates branch of an Egyptian bank.