U.S. Treasury Secretary: A Major Bank Will Be Sanctioned Next Monday
nashnova research
Treasury Secretary Scott Bessent announced on September 10 that the U.S. will sanction an unnamed major bank next Monday as part of escalating economic pressure on Iran. This means → Washington's sanctions are narrowing from oil and shipping to the financial core — hitting a bank directly.
Who is the target?
Bessent did not name the bank or its home country in his interview with Real America's Voice, calling it only "a major bank."
The action was originally set for Friday, September 12, but was delayed to Monday due to the 25th anniversary of 9/11.
This means → markets will spend the weekend guessing. Any large bank with Iranian fund flows could land on the speculation list.
What exactly did Bessent say?
His words: "We will make dealings with Iran unprofitable — if you want to risk corporate or personal financial ruin, go ahead. But we will come for you."
In plain terms = a direct warning to global financial institutions: facilitate Iranian money flows, and you risk being cut off by the U.S.
This reflects a shift in sanctions logic — from "restricting Iran" to "punishing anyone who helps Iran transact."
What has already been sanctioned?
Since the U.S.–Iran conflict erupted in February 2025, Washington has targeted Iran's oil exports, shipping networks, weapons procurement channels, financial intermediaries, digital-asset exchanges, and aviation links.
Last month Bessent launched "Operation Economic Exile," sanctioning nearly 60 entities, individuals, and vessels in a single round.
Secondary sanctions — penalties on third parties doing business with Iran — now cover shipping, aviation, tech, gold, and digital assets.
Why is this one different?
Previous rounds focused on peripheral links like oil and shipping. Sanctioning a major bank is the most direct strike yet on a financial institution.
This means → the pressure is moving from "blocking logistics" to "cutting the money flow" — faster impact, wider reach.
Meanwhile, Trump predicted on Wednesday that the war will not end before November's midterm elections, signaling that sanctions pressure will keep escalating.
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