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

Treasury Secretary Scott Bessent informed The Associated Press that the Trump administration intends to impose sanctions on an additional bank this week. This strategic move is part of a broader effort by the US to clamp down on transactions involving Iran. Bessent shared these details on Sunday prior to the Group of 20 meetings, signaling a continued push to restrict financial channels used by Iran to bypass international regulations and maintain economic pressure.