G7 Meeting: Bessent Urges Action Against Iran's Finances

AI Summary

At the G7 conference, U.S. Treasury Secretary Scott Bessent called for international cooperation to combat Iranian terrorism financing. Bessent highlighted the effectiveness of U.S. sanctions, which have disrupted 'tens of billions' in Iran's projected oil revenue and targeted its shadow banking networks. He emphasized the need for 'aggressive and targeted' sanctions with defined timelines to achieve specific goals. Bessent's remarks reflect ongoing efforts to rally global support against Iran as tensions remain high and the conflict continues to affect the global economy.