US sanctions on Iran are right but wrongly sequenced
The US-Israeli war against Iran passed its six-month mark this week, and on August 24, the bill for two decades of hosting American power came due. The US Treasury opened a global sanctions campaign against everyone still trading with Tehran. It runs through Emirati and Qatari banks, ports and free zones. It named no entities, […] The post US sanctions on Iran are right but wrongly sequenced…
Finance ministers and central bank governors from the Group of 20 major economies are convening in Asheville, North Carolina for talks aimed at promoting global economic growth while imposing economic pressure on Iran. With the Trump administration at the helm, the discussions will address concerns about global imbalances and sovereign debt challenges.
The gathering, which takes place over two days, has been marked by tensions, including the US's exclusion of South Africa and Brazil's refusal to participate. Additionally, a Russian representative is attending despite the ongoing conflict with Ukraine. US Treasury Secretary Scott Bessent will lead the delegation, and he is expected to deliver a strong statement urging compliance with US sanctions.
The talks, which include meetings with business leaders, come amid a US-Canada trade war and other strained relationships among G20 members.
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- U.S.-Iran escalation shows Washington's frustration with slow-moving sanctions cnbc.com
