Treasury Secretary Scott Bessent said no country is "above the reach of U.S. sanctions," signaling Chinese banks could face consequences

Bessent told CNBC that the sanctions will be the "toughest" in history.

Bessent warns nations that ignore the sanctions and help Tehran will 'share in the isolation,' but holds off on announcing secondary sanctions against China, others

This is a breaking news story.

The sweeping sanctions aim cut Tehran off from global engagement by targeting third party nations and entities.