Bessent says 'a large bank' will be sanctioned on Monday as part of Iran strategy

Live updates

1. 2d ago

   US Sanctions Turkish Bank and Iranian Aviation Sector

   The US government has expanded its pressure campaign against Iran by sanctioning a Turkish bank and dozens of Iranian airlines. These moves target the remaining parts of Iran's aviation sector and financial networks that aid Iranian proxies in the Middle East. While the Treasury Department aims to isolate Tehran and sever its remaining outside links, some regime-favored airlines continue to defy these restrictions and expand their operations. The sanctions on the Turkish bank have already prompted a legal threat in response to the financial crackdown.

   Why it matters

   These actions are part of a broader strategy to isolate the Iranian regime and disrupt its ability to fund proxy networks. By targeting aviation and banking, the US seeks to limit Tehran's logistical and financial mobility. The escalation follows increasing conflict in the region.

   What is confirmed

   • The US imposed sanctions on dozens of Iranian airlines.
   • The US sanctioned a Turkish bank as part of a financial crackdown on Iran.
   • US sanctions target networks that aid Iranian proxies in the Middle East.

   Still unconfirmed

   • Bessent stated a large bank would be sanctioned on Monday as part of an Iran strategy.
   • An Iranian airline favored by the regime is defying sanctions and expanding.

   What to watch next

   • Legal proceedings initiated by the sanctioned Turkish bank
   • Further designations of financial institutions aiding Iranian proxies
   Sources used for this update (15)

   1. CNN — US targets Iran’s airline industry as part of pressure campaign
   2. AP News — US hits remaining parts of Iran's aviation sector with sanctions in latest move to isolate Tehran
   3. WSJ — The Morning Risk Report: Iranian Airline Favored by the Regime Is Defying Sanctions
   4. The Washington Post — U.S. places sanctions on dozens of Iranian airlines as conflict escalates
   5. CNBC — Bessent says 'a large bank' will be sanctioned on Monday as part of Iran strategy
   6. Reuters — US slaps new sanctions on networks aiding Iran's proxies in Middle East
   7. Time Magazine — How the U.S. Treasury's New Aviation Sanctions on Iran Extend Beyond Tehran
   8. Reuters — Trump administration to sanction unnamed 'large' bank on Monday, Bessent says
   9. WSJ — Iranian Airline Favored by the Regime Is Defying Sanctions and Expanding
   10. Iran International — US targets Iran-linked networks as sanctions campaign expands
   11. Bloomberg.com — US Airline Sanctions Sever Some of Iran’s Last Outside Links
   12. i24NEWS — US Imposes New Sanctions On Hezbollah And Irania Proxy Networks | LIVE BLOG
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