US Threatened 2 Chinese Banks With Sanctions Over Suspected Iranian Transactions: Bessent
A vessel in the Strait of Hormuz, off the coast of Oman’s Musandam Province, on April 12, 2026. Reuters Two Chinese banks recently received letters from the U.S. Treasury threatening secondary sanctions if the agency can prove that Iranian money is flowing through their accounts, Treasury Secretary Scott Bessent said on April 15. The Treasury