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Bessent Announces Weekly Sanctions Targeting Iran Partners, Banks First

9/1/2026

24 3 Full Breakdown

Summary

Story summary

Treasury Secretary Scott Bessent announced weekly secondary sanctions against Iran’s partners.
The United States will start the weekly sanctions with banks.
Bessent urged G20 members to cut economic ties with Iran or face sanctions.
Operation Economic Outcast targets Banque Misr’s UAE branches for $1.8 billion Iran-linked flows.
U.S. forces hit two Iranian rocket launchers on Larak Island near Hormuz.

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Story summary

Treasury Secretary Scott Bessent announced weekly secondary sanctions against Iran’s partners.
The United States will start the weekly sanctions with banks.
Bessent urged G20 members to cut economic ties with Iran or face sanctions.
Operation Economic Outcast targets Banque Misr’s UAE branches for $1.8 billion Iran-linked flows.
U.S. forces hit two Iranian rocket launchers on Larak Island near Hormuz.