Bessent urges G7 to help U.S. attack Iran's finances
Treasury Secretary Scott Bessent called on G7 leaders to assist the U.S. in combating Iranian terrorism by targeting its financial networks. He emphasized the need for coordinated action, including sanctions against Iran's financiers and dismantling its proxies. Bessent urged European partners to join the U.S. in these efforts to address the threats posed by Iran and its affiliates.
- ▪Scott Bessent urged G7 leaders to help combat Iranian terrorism financing.
- ▪He proposed aggressive and targeted sanctions against Iran's financial networks.
- ▪Bessent called for European partners to take action against Iran's financiers.
Opening excerpt (first ~120 words) tap to expand
Treasury Secretary Scott Bessent on Tuesday urged world leaders at a G7 conference to help the U.S. combat Iranian terrorism by "rooting out the financing that sustains it."Bessent, in a speech to the "No Money for Terror" conference in Paris, laid out a new rubric for imposing "aggressive and targeted" sanctions."As the United States targets the financial networks that enemy actors use to perpetrate terror, we trust that your participation here today reflects a readiness to stand with us in full measure," Bessent said."That will require, for example, our European partners to join the United States in taking action against Iran by designating its financiers, unmasking its shell and front companies, shuttering its bank branches, and dismantling its proxies," he said."In short, if you share…
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