U.S. to Sanction Major Bank Monday in Iran Isolation Push

This marks the third bank targeted under the Trump administration's 'Operation Economic Outcast,' following actions against a UAE branch of an Egyptian bank and a Turkish institution.

Recent Treasury sanctions also hit networks in Iraq, Lebanon, the UAE, and Turkey accused of funding Iranian proxies like Kata'ib Hizballah and Lebanese Hezbollah.

Bessent said the U.S. will keep going until dealing with Iran becomes an 'extinction-level event' for companies or individuals involved, building on August moves against Iran's oil trade and proxy support.