Bessent says ‘a large bank’ will be sanctioned on Monday as part of Iran strategy
FINANCIALS
Bessent says ‘a large bank’ will be sanctioned on Monday as part of Iran strategy
PUBLISHED
KEY POINTS
• Bessent made the comment during an appearance on “Real America’s Voice” without naming the financial institution nor the country.
• Since the Mideast conflict began in February, the U.S. has implemented a series of economic measures against Iran.
“A large bank” will be sanctioned by the U.S. next week, U.S. Treasury Secretary Scott Bessent said Thursday.
“We’re going to do it on Monday because we want to honor the memory of our fallen citizens on 9/11. But watch this space on Monday,” Bessent said during an appearance on “Real America’s Voice,” without naming the financial institution nor the country.
The announcement comes after the Trump administration sanctioned the Dubai, United Arab Emirates, branches of the second-largest bank in Egypt which is believed to have given Iranians $1.8 billion of funds. Bessent said the 30th-largest Turkish bank “that had been giving to the Iranians” will also be closed. The Treasury Department on Sept. 4 said it was sanctioning Turkey-based financial institution Golden Global Yatirim Bankasi Anonim Sirketi and its subsidiaries.
Since the Mideast conflict began in February, the U.S. has implemented a series of economic measures against Iran, including sanctions.However, the Trump administration escalated its pressure last month via what Bessent called “Operation Economic Outcast,” which imposed sanctions on almost 60 entities, vessels and individuals. The scope of secondary sanctions was also expanded on those involved in business with Iran in industries including shipping and technology.
https://www.cnbc.com/2026/09/11/bessent-large-bank-sanctioned.html
