The Trump administration plans to impose sanctions on another bank this week to clamp down on Iran-related transactions, Treasury Secretary Scott Bessent says in an interview with The Associated Press.
Bessent frames the move as part of a broader strategy to increase economic pressure on Iran. PBS NewsHour reports he uses strong language, saying the actions would be “financial violence” if necessary and that the administration is identifying the parties involved to stop transactions.
Other outlets describe the announcement more plainly, noting the administration is signalling a potential shift toward economic measures. The Globe and Mail says the Trump administration recently indicates it would move from military strikes to economic pressure. Across reports, details on the specific bank and the legal or regulatory basis for the sanctions are not provided in the excerpts.
