US Iran Sanctions Push: G20 Trade Talks, Energy Security, and Global Economic Risks
The United States is preparing to use an upcoming G20 finance meeting to broaden international pressure on Iran, turning sanctions enforcement into a major issue alongside global growth, trade imbalances, debt and supply-chain resilience. Treasury Secretary Scott Bessent is expected to press finance ministers and central bank governors from the world’s major economies to reduce remaining commercial and financial links with Tehran, after Washington expanded its sanctions campaign this week. ( Reuters) The timing matters because the sanctions push is unfolding while the conflict involving Iran continues to disrupt energy markets and major shipping routes. The Strait of Hormuz remains central to the economic risk: the waterway carried about 20 million barrels per day of crude oil and petroleum products in 2025, roughly a quarter of global seaborne oil trade, according to the International Energy Agency. A prolonged disruption therefore creates consequences well beyond Iran and the United ...