https://www.live-feeds.com/feed/u-s-plans-to-sanction-another-bank-in-effort-to-clamp-down-on-iran-transactions-bessentContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/u-s-plans-to-sanction-another-bank-in-effort-to-clamp-down-on-iran-transactions-bessenthttps://www.live-feeds.com/feed/u-s-plans-to-sanction-another-bank-in-effort-to-clamp-down-on-iran-transactions-bessent#u53546Tue, 01 Sep 2026 04:33:01 +0000The US Treasury Department plans to impose sanctions on another bank in an effort to increase economic pressure on Iran. According to Treasury Secretary Scott Bessent, this move aims to limit Iran's transactions and isolate its economy. The US has been targeting various banks and entities in recent weeks to enforce secondary sanctions on Iran.Why it mattersThe US has been reimposing sanctions on Iran since the withdrawal from the Joint Comprehensive Plan of Action (JCPOA) in 2018. The latest push to sanction another bank is part of a broader effort to restrict Iran's access to the gl