Pakistan, Aug. 31 -- The United States is preparing fresh financial sanctions against Iran as Washington increases pressure on Tehran. Treasury Secretary Scott Bessent said another bank could face sanctions this week. The move aims to restrict Iran's access to international financial networks.

Bessent said the Trump administration plans additional secondary sanctions against Iranian-linked financial institutions. He warned banks against handling Iranian funds or supporting Tehran's economic activities. Washington could eventually remove non-compliant institutions from the dollar-based financial system.

The Treasury secretary said new secondary sanctions could arrive weekly, initially focusing on banks. He urged financial institutions to...