Bessent: New Iran Bank Sanctions Coming This Week

Treasury Secretary Scott Bessent said the Trump administration is preparing new bank sanctions this week as part of an escalating campaign to financially isolate Iran, according to a report circulating on X. The effort, dubbed "Operation Economic Outcast," aims to sever the Iranian regime's financial lifelines and cut Tehran off from the global financial system. The move signals the administration is intensifying its maximum-pressure approach toward Iran, targeting banks that facilitate the regime's access to international markets. Details on which institutions will be sanctioned have not yet been released. The announcement comes amid heightened concern over Iran's regional activities and its nuclear program, with the Trump administration framing financial isolation as a key tool in countering Tehran's influence and funding of proxy groups across the Middle East.