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Bessent expects new US secondary sanctions weekly, aiming to increase pressure on Iran
By David LawderASHEVILLE, North Carolina, Aug 30 (Reuters) - The U.S. Treasury Department is likely to unveil weekly new secondary sanctions aimed at increasing economic pressure on Iran, with an initial focus on banks, U.S. Treasury Secretary Scott Bessent told Reuters on Sunday.After imposing penalties on the United Arab Emirates branches of Egypt's Banque Misr on Friday over alleged financial links to Iran, Bessent said in an interview that the next step may be cutting off an institution entirely from the dollar-based financial system.
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al-monitor.com
US issues fresh Iran-related sanctions as war marks six months
By Daphne Psaledakis and David LawderWASHINGTON, Aug 28 (Reuters) - The United States issued additional targeted Iran-related sanctions on Friday after Treasury Secretary Scott…
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arabnews.com
US to set limits on Egyptian bank in effort to pressure Iran: official
WASHINGTON: The Treasury Department is due to cut off a major Egyptian bank’s operations in the United Arab Emirates from the US financial system, an official confirmed Friday, as…
