DistantNews
Support us
🇹🇼 Taiwan /Elections & Politics

Bessent Issues Weekly Ultimatum as U.S. Targets Iran’s Financial Lifelines With Secondary Sanctions

From Liberty Times · () Chinese

Translated from Chinese and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources New plan
  • U.S. Treasury Secretary Scott Bessent said Washington plans to impose new secondary sanctions on Iran every week.
  • The measures will focus first on financial institutions and target entities holding Iranian funds or assisting the Iranian government.
  • The United States has already restricted an Egyptian bank branch in the United Arab Emirates as part of efforts to block Iran’s financial channels.

The United States plans to impose a new wave of secondary sanctions on Iran every week, with banks expected to face the first penalties.

Treasury Secretary Scott Bessent warned financial institutions worldwide that holding Iranian funds or helping the Iranian government would be unacceptable. He said future measures could directly target specific banks.

The United States has already imposed restrictions on a branch of an Egyptian bank in the United Arab Emirates. The move signals Washington’s focus on disrupting channels used to move Iranian money.

Holding Iranian funds or assisting the Iranian government is absolutely unacceptable.

— Scott BessentThe U.S. Treasury secretary’s warning to global financial institutions about possible secondary sanctions.
About this summary

Originally published by Liberty Times in Chinese. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

More Stories

From Our Blog