Trump administration to sanction unnamed 'large' bank on Monday, Bessent says
Treasury Secretary Scott Bessent said the Trump administration will sanction a large bank on Monday, without naming the institution or its country. The action was originally scheduled for Friday but was postponed because of September 11 anniversary ceremonies. The administration has imposed economic measures on Iran since February, including last month's "Operation Economic Outcast" sanctions on nearly 60 entities, individuals and vessels.
Why it matters: The announcement underscores the administration's reliance on economic sanctions as a central instrument in its Iran strategy.