US plans to sanction another bank to keep economic pressure on Iran

Washington has recently stepped up efforts to economically pressure Tehran amid the deadlocked truce talks.Published On 31 Aug 202631 Aug 2026Washington plans to impose sanctions on another bank this week as it steps up its campaign to economically isolate Tehran amid the deadlocked truce talks, the US Treasury chief has said.In an interview with The Associated Press news agency on Sunday, Treasury Secretary Scott Bessent declined to name the bank to be targeted by sanctions.Recommended Stories list of 3 itemslist 1 of 3The home front: How Israel, Iran, and US leaders have been hit by the warlist 2 of 3How has life changed for Iranians six months into the war?list 3 of 3What’s behind the US move to hit Egyptian bank with Iran sanctions?end of listThe announcement comes just days after Washington said it would cut off the United Arab Emirates’s operations of Basque Misr from the US financial system after accusing Egypt’s second-biggest bank of doing business with the Iranian government.“This is going to be financial violence if we have to,” Bessent told AP on Sunday. “We are showing people that we know who you are, you know who you are, and this has got to stop.”⁠In an interview wit...