New US Bank Sanctions Against Iran on the Way

US Treasury Secretary Scott Bessent stated in remarks ahead of the G20 meetings in North Carolina that the Trump administration will impose sanctions on a new bank this week to block transactions carried out with Iran.

Economic Pressures on Iran Are Increasing

US Treasury Secretary Scott Bessent stated that the Trump administration is intensifying its efforts to economically isolate Iran and that a new bank will be targeted this week.

Minister Bessent made evaluations to the press ahead of the G20 meetings held in the city of Asheville, North Carolina.

China and Other Commercial Relations

It was stated that all options are on the table regarding potential sanctions against Beijing if China, Iran's largest trading partner, continues to purchase Iranian oil.