U.S. Treasury Secretary Announces Sanctions on a 'Large Bank' Next Week as Part of Iran Strategy

U.S. Treasury Secretary Scott Bessent announced that a significant bank will face sanctions on Monday, September 14, 2026, as part of the Trump administration's ongoing strategy against Iran. The announcement was made on Thursday, September 10, 2026, with Bessent stating the timing is to honor the memory of 9/11 victims. This follows previous sanctions against Dubai branches of Egypt's second-largest bank and the closure of Turkey's largest bank for alleged dealings with Iran.