U.S. plans to sanction another bank in effort to clamp down on Iran transactions: Bessent
Bessent's campaign means to push countries that still do business with Iran to sever their financial ties or face retaliation from the U.S.
TL;DR
- The U.S. plans to sanction an additional bank.
- The goal is to restrict transactions with Iran.
- Countries doing business with Iran are urged to sever financial ties.
- Retaliation from the U.S. is threatened for non-compliance.