Bessent Seeks G20 Support On Iran Amid Trade Tensions
· World · The Independent, New York Times
Treasury Secretary Scott Bessent will host G20 finance ministers in Asheville, North Carolina, on Monday and Tuesday. The meetings come amid renewed hostilities between the US and Iran, and escalating trade friction with Canada. Bessent aims to rally support for isolating Iran economically. The US recently struck Iran again and plans to impose sanctions on another bank. Bessent also hinted at potential sanctions on China for its continued purchases of Iranian oil. The G20 meetings are set against the backdrop of Asheville's rebuilding after Hurricane Helene in September 2024.
Why it matters
The outcome of these meetings will affect global oil prices and trade relations. India, as a major oil importer, will be closely watching the developments.
Read the original report — The Independent
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