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Event Brief
Aug 28, 2026 at 7:00 PM ET

Bessent seeks UAE bank sanctions over Iran ties

By The BriefBrief
Treasury Secretary Scott Bessent said he is working to cut off bank branches in the UAE from the U.S. financial system. The move targets banks tied to Iran, according to his announcement.
WHO: Scott Bessent
WHAT: Said he is working to cut off UAE bank branches from the U.S. financial system over Iran ties
WHEN: Aug 28, 2026
WHERE: United Arab Emirates
WHY: Cause not yet established.
Sources (2): CNBC Top News, UPI

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