Reuters. U.S. Treasury Secretary Scott Bessent said on Tuesday (September 1) the United States is likely to announce sanctions on a bank this week as part of its economic campaign against Iran.
"We are probably going to announce a bank sanction this week, and we will announce one the week after. We are speaking to our allies here, who have all come forward, and we have had a great show of support," Bessent said.
Speaking at an event on the sidelines of the U.S.-hosted Group of 20 finance leaders in Asheville, North Carolina, the treasury secretary said the U.S. was also looking at targeting airline leasing companies and other entities that did business with the Islamic Revolutionary Guard Corps (IRGC).
"We have zero tolerance. We are going to economically asphyxiate this regime" Bessent said"
During a wide-ranging interview, Bessent also said the United States does not want to pull apart from China, but has to de-risk on trade.
