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US-hosted G20 finance meeting to target growth, imbalances, Iran sanctions, Treasury official says
Bessent will urge G20 counterparts to comply with U.S. sanctions and warn of secondary penalties as Washington steps up pressure on Tehran.
- Treasury Secretary Scott Bessent will host G20 finance ministers in Asheville, North Carolina, next Monday and Tuesday, aiming to secure international compliance with United States sanctions on Iran.
- War in the Middle East following February strikes has plunged the region into conflict, causing energy costs to surge amid ongoing trade tensions clouding the gathering.
- During bilateral meetings, Bessent will press counterparts to enforce secondary sanctions isolating Iran economically, though engaging China—the main buyer of Iranian oil—presents a difficult diplomatic challenge.
- Josh Lipsky, chair of international economics at the Atlantic Council, warned aggressive stances might alienate partners, saying "it just creates the broader feeling of, could this group fracture?".
- These Asheville talks serve as the first of several ministerial meetings this year, establishing the agenda for the G20 leaders' summit President Donald Trump will host in Florida this December.
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12 Articles
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US-hosted G20 finance meeting to target growth, imbalances, Iran sanctions, Treasury official says
The Trump administration aims to have finance leaders from the Group of 20 major economies agree next week on steps to boost economic growth, reduce global imbalances and tackle sovereign debt challenges while pressing them to cut off Iran's economic lifelines, a senior U.S. Treasury official said on Thursday.
·London, United Kingdom
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US to push economic pressure on Iran at G20 finance talks
Treasury Secretary Scott Bessent will step up efforts to isolate Iran economically as he hosts G20 counterparts next week, a US official said Thursday, in a gathering clouded by war and trade tensions.
·Issy-les-Moulineaux, France
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Coverage Details
Total News Sources12
Leaning Left1Leaning Right5Center6Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
C 50%
R 42%
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