US to hit another Iranian bank with sanctions as economic pressure broadens

The U.S. plans to sanction another Iranian bank this week as part of a broader push of economic pressure on Tehran, with Treasury Secretary Scott Bessent calling it 'financial violence' and signaling G20 coordination. The move comes as Washington shifts from military actions to economic pressure and follows a recent strike in the Strait of Hormuz; the administration also floated a rule to cut Banque Misr’s Emirati branches from U.S. financial access, highlighting caution about penalizing major trading partners such as China.