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Treasury Secretary Scott Bessent told Reuters the effort will escalate to cutting institutions off from the dollar-based financial system
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U.S. Treasury Secretary Scott Bessent told Reuters on Sunday that the Treasury Department plans to roll out new secondary sanctions targeting Iran on a weekly basis, beginning with financial institutions.
"You're going to see a lot more of these every week," Bessent told Reuters. "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."
