Fresh US sanctions aimed at increasing pressure on Iran expected in coming weeks
Fresh US sanctions aimed at increasing pressure on Iran expected in coming weeks The US Treasury Department will likely unveil weekly secondary sanctions aimed at adding economic pressure on Iran, with an initial focus on banks. "You're going to see a lot more of these every week," US Treasury Secretary Scott Bessent told Reuters on Sunday. "We're starting with the banks, and we're telling the…
US finance leaders are hosting a G20 meeting in Asheville, North Carolina, with growth and pressure on Iran on the agenda. According to Al-Monitor, the gathering of G20 finance ministers and central bank governors will take place over two days.
The US is seeking consensus on lifting global growth and increasing economic pressure on Iran. Middle East Eye reports that the US Treasury Department plans to unveil fresh sanctions on Iran in the coming weeks, with an initial focus on banks.
US Treasury Secretary Scott Bessent told Reuters that the goal is to cut economic ties to Iran, warning that banks that aid the Iranian regime will face secondary sanctions. Bessent intends to convey this message to G20 finance ministers and central bank governors.
Brief written by urgent.news from Al-Monitor, Middle East Eye — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
