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Updated: 9:30 pm Sep 1, 2026

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US may announce new Iran bank sanctions this week, next week: Scott Bessent

US Treasury Secretary Scott Bessent revealed plans for new sanctions targeting Iran-linked banks soon. The department is also investigating airline leasing companies as part of its campaign. These actions aim to increase financial pressure on Iran amid heightened geopolitical tensions. The US is coordinating these efforts with international allies and discussing them with China. Iran's currency has significantly declined, reflecting severe financial challenges from these measures.

1 Sep 2026 7:30 pm

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