BESSENT PUSHES GLOBAL CRACKDOWN ON IRAN FINANCIAL NETWORKS U.S. Treasury Secretary Bessent expects European partners to intensify Iran sanctions by targeting financiers, closing bank branches, and exposing shell companies. He also called on Middle East and Asian countries to dismantle Iran’s shadow banking system. The Treasury is reviewing sanctions lists to better focus on advanced evasion and terrorist financing schemes, while removing outdated designations that may create unintended effects.(*Walter Bloomberg)