US to Intensify Efforts to Isolate Iran Economically at G20 Meeting
Summary
The United States is preparing to intensify efforts to isolate Iran economically at next week’s G20 meeting and push member nations to comply with US sanctions. Treasury Secretary Scott Bessent will also press the issue in bilateral meetings, as Washington faces challenges getting major oil buyer China to join the campaign.
Key Points
- The US plans to use the G20 meeting in Asheville, North Carolina, to push allies and partners to isolate Iran economically and enforce sanctions.
- Treasury Secretary Scott Bessent will raise the issue in bilateral talks and has warned of secondary sanctions for countries that do not cooperate.
- Washington faces difficulty bringing China into the campaign, given its role as a major buyer of Iranian oil and the upcoming Trump-Xi summit.
- The meeting will also cover growth, supply chains, debt, trade, financial stability, and banking regulation, with climate change and global health likely taking a lower priority.
