Treasury Secretary Scott Bessent told Reuters on Sunday (August 30, 2026) new secondary sanctions were likely to be unveiled weekly in the effort to pressure Iran, with an initial focus on banks. U.S.
“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,” Mr. Bessent said in an interview.
Bessent said ahead of a meeting of Group of 20 finance leaders. The United States said on Sunday (August 30, 2026) it had attacked Iranian rocket launchers on a small island in the Strait of Hormuz, its first strikes on Iran in a month, prompting Tehran to retaliate. Jordan’s army said on Monday (August 31, 2026) it had intercepted eight missiles, shortly after Iran’s Revolutionary Guards said they had attacked U.S. military targets in the Washington-allied kingdom.
Bessent said the next step may be cutting off an institution entirely from the dollar-based financial system. “You’re going to see a lot more of these every week,” Mr. The U.S. strikes resulted in “casualties,” said Iran’s Revolutionary Guard Corps, which in turn attacked US military targets in Jordan, state media reported. The Guards “targeted technical infrastructure, maintenance facilities, and enemy fighter jet positions at the U.S.-operated King Hussein and Al-Azraq airbases in Jordan” with ballistic missiles, causing “heavy damage,” according to state TV. “Air defense systems intercepted eight missiles that breached the Kingdom’s airspace at dawn today, Monday,” read a statement quoting the army’s spokesperson.
After imposing penalties on the United Arab Emirates branches of Egypt’s Banque Misr on Friday over alleged financial links to Iran, Mr.
