US plans to sanction another bank this week in effort to clamp down on Iran transactions, Bessent tells AP

The Trump administration plans to impose sanctions on an additional bank this week as part of an ongoing effort to restrict financial transactions involving Iran. Treasury Secretary Scott Bessent announced the impending sanctions on Sunday during an interview with The Associated Press.

Bessent disclosed the plan while speaking ahead of scheduled Group of 20 meetings. The targeted measure is designed to further clamp down on Iran's financial networks and limit its transactional capabilities.