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US Plans Weekly Iran Sanctions, Starting With Banks, Bessent Says

Conflict5 sourcesAug 31, 2026
FlatRigor 505 sources

Treasury Secretary Scott Bessent stated the U.S. plans to sanction another bank and impose weekly Iran-related sanctions. Bessent said the U.S. is preparing to unleash financial violence against Iran by rolling out new secondary sanctions every week. Banks are first in line for these sanctions, with more Iran bank sanctions expected this week. Foreign banks dealing with Iranian funds could ultimately be cut off from the dollar-based financial system. Bessent's statements indicate a strategy of continuous pressure through financial measures. The U.S. plans new Iran sanctions as part of this approach.

What they agree on

  • Treasury Secretary Scott Bessent announced the U.S. plans to impose weekly Iran-related sanctions.
  • These sanctions will begin with banks.
  • Bessent stated that more Iran bank sanctions are coming this week.
  • The U.S. aims to cut off foreign banks dealing with Iranian funds from the dollar-based financial system.

Where they split

  • RT (Russia Today) and Sputnik News use the phrase "financial violence" in their headlines and reporting, attributing it to Scott Bessent.
  • The Epoch Times and Newsmax focus on the specific action of sanctioning "another bank" and "more Iran bank sanctions coming this week."
  • Iran International's headline directly states Bessent's plan for "weekly Iran sanctions, starting with banks."