US plans new sanctions on another bank over Iran ties amid stalled truce talks
The United States plans to impose sanctions on another bank this week as part of a stepped-up campaign to economically isolate Iran, according to the US Treasury secretary. The move comes amid deadlocked truce talks and follows recent action against the United Arab Emirates operations of Basque Misr, which Washington accused of doing business with the Iranian government. Treasury Secretary Scott Bessent said the administration is widening pressure on financial institutions it believes are helping Tehran.Bessent declined to name the bank that is expected to be targeted, but said the next step could be to cut an institution off entirely... [Continue Reading]
360LiveNews | 31 Aug 2026 04:00 LONDON
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