https://www.live-feeds.com/feed/us-plans-to-sanction-another-bank-in-effort-to-clamp-down-on-iran-transactions-bessent-tells-apContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/us-plans-to-sanction-another-bank-in-effort-to-clamp-down-on-iran-transactions-bessent-tells-aphttps://www.live-feeds.com/feed/us-plans-to-sanction-another-bank-in-effort-to-clamp-down-on-iran-transactions-bessent-tells-ap#u53925Tue, 01 Sep 2026 11:50:18 +0000Treasury Secretary Scott Bessent announced the Trump administration plans to sanction another bank this week to limit transactions involving Iran. Speaking to the Associated Press on Sunday, Bessent indicated that new secondary sanctions may be issued weekly to increase pressure on Iran. These measures follow recent sanctions against Banque Misr, Egypt's second-largest bank, which has prompted a review by the United Arab Emirates. Current US efforts also include sanctions targeting education, which have drawn criticism from Iranians regarding their international isolation.Why it mattersTh