Bessent Tells Allies ‘No Room for Excuses’ on Iran Sanctions

Treasury Secretary Scott Bessent exhorted US allies to join the US in “aggressively” enforcing sanctions on Iran and other malicious actors and said there was “no room for excuses” for those who wish to crack down on terror financing.

His comments come a day after the US issued a third waived allowing for the sale of some Russian seaborne oil as the war in Iran continues to roil global energy markets, driving fears of inflation and a sell-off in bonds globally.