U.S. Announces New Sanctions Against Bank for Iran Transactions, Following Strikes on Iranian Launchers

Treasury Secretary Scott Bessent stated the Trump administration plans to impose sanctions on another bank this week to curb Iran transactions. This announcement follows U.S. forces striking two Iranian rocket launchers on Larak Island on Sunday, August 30, marking the first known American strikes on Iran since late July. The strikes occurred after Islamic Revolutionary Guard Corps forces were observed preparing to launch rockets with sea mines into the Strait of Hormuz.