operations of Basque Misr<\/a> from the US financial system after accusing Egypt\u2019s second-biggest bank of doing business with the Iranian government.<\/p>\n\n\n\n\u201cThis is going to be financial violence if we have to,\u201d Bessent told AP on Sunday. \u201cWe are showing people that we know who you are, you know who you are, and this has got to stop.\u201d<\/p>\n\n\n\n
\u2060In an interview with the Reuters news agency, Bessent said the next step may be cutting off an institution entirely from the dollar-based financial system.<\/p>\n\n\n\n
\u201cYou\u2019re going \u2060to see a lot \u2060more of these every week,\u201d he said on Sunday, ahead of a Group of 20 finance leaders \u2060meeting in Asheville, North Carolina. \u201cWe\u2019re starting with the banks, and we\u2019re telling \u2060the banks it\u2019s not OK \u2060to have Iranian money and to aid the regime.\u201d<\/p>\n\n\n\n
The US has stepped up efforts to economically pressure Tehran to submit to Washington\u2019s demands, a campaign dubbed \u201cOperation Economic Outcast\u201d, amid the stalled truce talks between both parties.<\/p>\n\n\n\n
Last week, the Treasury Department imposed new sanctions on nearly 60 individuals and entities that Washington accused of being part of networks helping Iran generate oil revenue, procure weapons and conduct cyber-operations.<\/p>\n","protected":false},"excerpt":{"rendered":"
Al Jazeera: Washington plans to impose sanctions on another bank this week as it steps up its campaign to\u00a0economically isolate\u00a0Tehran amid the deadlocked truce talks, the US Treasury chief has said. In an interview with The Associated Press news agency on Sunday, Treasury Secretary Scott Bessent declined to name the bank to be targeted by sanctions. The announcement comes just days after Washington said it would cut off the United Arab Emirates\u2019s operations of Basque Misr from the US financial system after accusing Egypt\u2019s second-biggest bank of doing business with the Iranian government. \u201cThis is going to be financial violence if we… <\/p>\n","protected":false},"author":1,"featured_media":60927,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-60924","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-in-english"],"_links":{"self":[{"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/posts\/60924","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=60924"}],"version-history":[{"count":1,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/posts\/60924\/revisions"}],"predecessor-version":[{"id":60926,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/posts\/60924\/revisions\/60926"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/media\/60927"}],"wp:attachment":[{"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=60924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=60924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=60924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}