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Iran defiant as Bessent says US likely to announce bank sanctions this week
🇮🇷 IranSep 1, 2026 11:46SRC: AL MONITOR
INTELLIGENCE SUMMARY
By Parisa Hafezi and David Lawder DUBAI/ASHEVILLE, North Carolina, Sept 1 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Tuesday Washington was likely to announce bank sanctions against Iran this week, stepping up an attempt to "economically asphyxiate" Iran's leadership after six months of conflict. Oil prices rose further after the first exchange of direct attacks since July and reports of two tankers being hit leaving the Strait of Hormuz, the global oil supply waterway that Iran h
DETAILED REPORT
By Parisa Hafezi and David Lawder
DUBAI/ASHEVILLE, North Carolina, Sept 1 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Tuesday Washington was likely to announce bank sanctions against Iran this week, stepping up an attempt to "economically asphyxiate" Iran's leadership after six months of conflict.
Oil prices rose further after the first exchange of direct attacks since July and reports of two tankers being hit leaving the Strait of Hormuz, the global oil supply waterway that Iran has effectively closed to shipping.
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