00:00It's Benzinga, bringing Wall Street to Main Street.
00:02The Trump administration plans to impose sanctions on another bank this week
00:06as it increases economic pressure on Iran, according to PBS News.
00:10Treasury Secretary Scott Besant said the administration is prepared to use financial
00:15violence and will urge G20 counterparts to cooperate against Iran.
00:20Besant said he will also discuss Iran with Chinese officials and that all options are
00:25on the table regarding sanctions tied to Beijing's continued purchases of Iranian oil.
00:30The comments come after U.S. forces struck Iranian rocket launchers near the Strait of Hormuz
00:35on Sunday.
00:37Treasury on Friday also proposed cutting the Emirati branches of Egypt's bank Misser off
00:42from the U.S. financial system.
00:43For all things money, visit Benzinga.com.
