Bessent huddles with the G20 to rally allies on Iran
ASHEVILLE, N.C. — Treasury Secretary Scott Bessent is meeting with finance ministers of the world’s largest economies this week at a time when the United States has disrupted the international order with aggressive tariffs on major allies and an unpopular war on Iran that is keeping gas prices high for consumers. As Bessent opened meetings of the Group of 20 finance ministers in Asheville on…
Asheville, N.C. - Treasury Secretary Scott Bessent is actively engaging with finance ministers from the world's largest economies during a critical period marked by US economic policies and geopolitical tensions. During the Group of 20 finance ministers' meetings, Bessent emphasized the need to foster global economic growth while tackling mounting national debt. However, the backdrop of renewed hostilities between the US and Iran, along with trade friction with Canada, adds complexity to the discussions.
In an interview on Sunday, Bessent revealed his intention to intensify pressure on Iran by sanctioning an additional bank, as part of what he refers to as "Operation Economic Outcast." Previously, the administration took measures to restrict an Egyptian bank's operations in the United Arab Emirates. The administration's preparedness to resort to "financial violence" is evident as it seeks to assert its economic influence in the face of mounting challenges.
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- Bessent huddles with the G20 to rally allies on Iran koreatimes.co.kr
