Trump Admin Readies 'Financial Violence' on Iran with New Sanctions
The Trump administration plans to escalate economic pressure on Iran this week, according to Treasury Secretary Scott Bessent. Speaking to The Associated Press, Bessent said the U.S. will sanction another bank with ties to Tehran.
This move is part of the 'Operation Economic Outcast' plan, which aims to target entities that enable Iran's economic activity. Bessent noted that no one is above the reach of U.S. sanctions and that all options are on the table, including targeting Chinese banks that facilitate transactions with Iranian oil.
The administration has mostly issued warnings against financial entities so far but is now taking more aggressive action. The move comes as tensions between the U.S. and Iran continue to escalate, with both sides trading blows in recent days.