Washington plans to announce bank sanctions against Iran this week. Oil prices increased after direct attacks and tanker incidents. Iran warned it would prevent oil exports from the Persian Gulf. US Treasury Secretary Scott Bessent vowed to economically asphyxiate Iran's leadership. Tehran officials remain defiant, utilising all capabilities to respond.

Iranian bank branches remained open in Dubai. Commercial flights also continued between Iran and Turkey as well as Iran and the United Arab Emirates.

US Treasury Secretary Scott Bessent said the Trump administration will impose sanctions on another bank this week as Washington intensifies efforts to economically isolate Iran.…

US Treasury Secretary Scott Bessent revealed plans for new sanctions targeting Iran-linked banks soon. The department is also investigating airline leasing companies as part of…