U.S. Treasury Secretary Scott Bessent has called on G7 leaders to take action against Iran by targeting the financial networks that support its terrorism activities.
Speaking at a G7 conference, Bessent emphasized the need to 'root out the financing that sustains it,' signaling a renewed focus on economic measures to counter Iranian influence.
This development comes amid a broader escalation in U.S.-Iran tensions, with recent reports indicating that President Donald Trump has hinted at the possibility of new military strikes if Iran 'misbehaves.' The U.S. government has also imposed sanctions on 11 entities and three individuals across multiple countries for allegedly supporting Iran's military and political activities.
The call for G7 coordination reflects a strategic shift toward multilateral economic pressure as a tool to address regional instability.
Analysts suggest that such measures could have ripple effects on global markets, particularly in energy and trade sectors, where Iran plays a significant role.
The next key development to watch is the G7's response to Bessent's proposal and whether concrete financial actions will be announced in the coming days.