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Bessent Pushes G7 Alliance on Iran Financial Crackdowns

Treasury Secretary Scott Bessent called on Group of Seven nations to aggressively enforce sanctions against Iran during meetings in Asia this week, emphasizing that allies have no justification for failing to combat terror financing networks. Bessent's push for coordinated action reflects escalating US efforts to isolate Iranian financial systems as tensions between Washington and Tehran persist following rejected peace proposals from both sides. The Treasury chief also addressed currency markets during stops in Japan, where he aligned with local officials in characterizing excess foreign-exchange volatility as problematic. His diplomatic tour reflects the administration's strategy of building multilateral pressure on Iran's economy while managing market stability concerns among key trading partners.