U.S. Targets Iran’s Financial Lifelines | Tulsa News

The U.S. is ramping up financial pressure on Iran, set to sanction another bank this week as part of a broader campaign to cut off its global financial lifelines. Treasury Secretary Scott Bessent stressed that the goal is to expose and isolate Iranian transaction facilitators—not to cripple economies—while signaling a firm stance without alienating key allies like China and India. The move follows a recent proposal to restrict UAE branches of an Egyptian bank, showing a calibrated approach. Bessent also plans to meet Chinese officials at the G-20, reaffirming shared interests in stopping Iran’s nuclear ambitions and securing trade through the Strait of Hormuz, while dismissing any notion of U.S. hesitation on Iran-related trade. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/00f770c980efa4b8