Bessent Calls on G-7 Nations, Others to Increase Iran Sanctions

US Treasury Secretary Scott Bessent called on the G-7 nations and others to increase sanctions on Iran as the conflict that has snarled a large portion of the global energy trade drags on without an end in sight.

“We call upon all our G-7 and indeed all of our allies and the rest of the world to follow the sanctions regimes so that we can crack down on the illicit finance that is fueling the Iranian war machine and get this money back to the Iranian people,” Bessent said.