Bessent: US sanctions aim to force Iran back to negotiating table
US Treasury Secretary Scott Bessent says sanctions and the Iran blockade are designed to force Tehran back to talks and abandon its nuclear program.
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.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- Bessent huddles with the G20 to rally allies on Iran koreatimes.co.kr
