CNBC
U.S. sanctions Turkish bank accused of enabling Iran as Bessent says he 'hopes for' no further bank penalties
Friday, September 4, 2026
The U.S. Department of Treasury sanctioned a Turkish bank on January 15, 2026, citing involvement in transactions with Iran. Treasury Secretary Russell Bessent stated he "hopes for" no additional bank sanctions, according to a Treasury press release. President Trump had previously described an Iran sanctions plan as "economic D-Day," though implementation has remained limited as of the date of this report.
Original reporting: https://www.cnbc.com/2026/09/04/iran-turkey-sanctions-economy-bessent.html