Bessent expects new US secondary sanctions weekly, aiming to increase pressure on Iran

Live updates

1. 15d ago

   US to impose new Iran sanctions weekly

   The US plans to impose new secondary sanctions on Iran weekly, focusing on its banking sector, to increase economic pressure. US Treasury Secretary Scott Bessent stated that the goal is to clamp down on Iran transactions and isolate its economy. The move comes as the US seeks to curb Iran's nuclear program and military activities.

   Why it matters

   The US has been imposing sanctions on Iran to limit its nuclear program and military activities. Recent sanctions targeted Egyptian bank Banque Misr's UAE branches, aiming to cut off Iran's access to the global financial system. The new weekly sanctions aim to further isolate Iran's economy.

   What is confirmed

   • The US plans to impose new secondary sanctions on Iran weekly.
   • The sanctions will focus on Iran's banking sector.
   • US Treasury Secretary Scott Bessent stated that the goal is to clamp down on Iran transactions and isolate its economy.
   • The US targeted Egyptian bank Banque Misr's UAE branches under new push for Iran's economic isolation.

   Still unconfirmed

   • The US may completely exclude an institution from the dollar-based financial system for assisting Iran.

   What to watch next

   • The next weekly imposition of US secondary sanctions on Iran
   • The impact of sanctions on Iran's economy and nuclear program
   • The response of other countries, including China, to the US sanctions
   Sources used for this update (11)

   1. AP News — US targets Egyptian bank’s UAE branches under new push for Iran’s economic isolation
   2. Al Jazeera — Banque Misr, Egypt’s second-largest, hit by US sanctions: What to know
   3. The New York Times — U.A.E. To Review Banque Misr, Targeted by Iran Sanctions
   4. WSJ — Opinion | Trump’s New Iran Sanctions Put China on Notice
   5. CNBC — U.S. plans to sanction another bank in effort to clamp down on Iran transactions: Bessent
   6. Reuters — Bessent expects new US secondary sanctions weekly, aiming to increase pressure on Iran
   7. www.thehindubusinessline.com — Sensex today | Stock Market Highlights: Benchmark indices trade in the red in late session, Sensex down 307.24 points at 76,957.27
   8. www.europesays.com — Live Updates: Latest from Israel, Iran, and the Middle East
   9. www.8world.com — 美国拟每周对伊实施新制裁 初期聚焦银行业
   10. www.ms.now — Scott Bessent, hosting G20 summit, pushes Iran sanctions as war drags on economy
   11. malaysia.news.yahoo.com — Crews Battle Growing Nevada Wildfire
   confidence 100%