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.
28 Articles
28 Articles
US Treasury Secretary Scott Bessent will host the North Carolina State Meeting on Monday and Tuesday.
On Monday and Tuesday, the finance ministers of the G20 member countries will meet in Asheville, North Carolina, ahead of the December summit in Miami.
20 economies, 2 days and Trump’s G20 agenda — including Iran ties
The US Treasury plans to address global trade imbalances and boost economic growth. Secretary Bessent will urge major economies to cut remaining ties with Iran. He will also discuss sovereign debt and US borrowing costs with counterparts. Washington seeks international compliance with its Iran sanctions campaign. This meeting aims to advance US priorities on global economic matters.
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.
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.
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