Jewish News 24 · Aug 24, 2026

Jewish News 24 — video status

BESSENT WARNS BANKS OVER IRAN OIL TRANSACTIONS: Treasury Secretary Scott Bessent warned that “no one is above the reach of U.S. sanctions,” saying financial institutions—including potentially Chinese banks—that help turn Iranian oil into revenue could be targeted. Bessent said the U.S. is privately communicating its expectations to countries and warned that institutions facilitating such transactions “will have no one to blame but themselves” when Treasury action comes.

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