US Treasury to broaden scope of secondary sanctions on Iran, source says
US Treasury is expected to expand potential secondary sanctions on countries and entities doing business with Iran
Treasury Secretary Scott Bessent is due to outline the plans at a 5 p.m. GMT news conference
August 24, 2026 12:37
WASHINGTON: The US Treasury is expected to broaden the scope of secondary sanctions it can impose on entities and countries that maintain business ties with Iran as the Trump administration seeks on Monday to increase economic pressure on Tehran, a source familiar with the plans told Reuters.
