Fresh US sanctions aimed at increasing pressure on Iran expected in coming weeks

The US Treasury Department will likely unveil weekly secondary sanctions aimed at adding economic pressure on Iran, with an initial focus on banks. "You're going to see a lot more of these every week," US Treasury Secretary Scott Bessent told Reuters on Sunday. "We're starting with the banks, and we're telling the banks it's not okay to have Iranian money and to aid the regime." Bessent added that he intends to drive the message home to G20 finance ministers and central bank governors to cut economic ties to Iran, or otherwise face secondary sanctions.