A Senate bill for new sanctions on Russia over its war in Ukraine is losing momentum, as Republican leaders fill the pre-election calendar with other business and a top Democrat voices doubts about it.
US Treasury Secretary Scott Bessent said Washington will sanction another bank this week for handling Iran-linked payments, and expects to add new sanctions on Iran-tied banks weekly from now on.
China has gone from rejecting a US ultimatum over its trade with Iran to warning it may retaliate, the Financial Times reports.
The US Treasury Department punished Chinese companies for doing business with Iran and told other countries to cut Iran trade too or face the same sanctions.
The United States is sending a second aircraft carrier, the USS George Washington, to join the USS Abraham Lincoln near Iran, giving it two carrier groups in the region.