Bissent anticipates weekly US sanctions against Iran
The U.S. Treasury Department anticipates imposing secondary sanctions on Iran weekly to increase economic pressure, with a primary focus on banks, including completely isolating financial institutions from the dollar-based financial system. Treasury Secretary Scott Pruitt stated that these measures will escalate and include sending clear messages to finance ministers and governors about the necessity to cut economic ties with Iran, with non-compliance resulting in secondary sanctions. These measures were launched following sanctions imposed on a branch of Bank Egypt in the UAE due to financial links with Iran, and now include significant steps to intensify economic pressure on the Iranian regime.
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