breaking

U.S. Pushes G7 Partners to Tighten Financial Noose on Iran

Treasury Secretary Scott Bessent called on G7 leaders Tuesday to intensify efforts against Iranian terrorism financing. He unveiled a new framework for targeted sanctions during the "No Money for Terror" conference in Paris. Bessent outlined a modernized sanctions architecture under "Operation Economic Fury," emphasizing aggressive, time-bound measures over prolonged designations that risk unintended consequences. The administration is reviewing outdated sanctions to help financial institutions identify sophisticated terrorist financing schemes and evasion tactics. Bessent credited the economic approach with severely constraining Iran's weapons programs, proxy networks and nuclear activities while disrupting tens of billions in revenue. The push reflects broader Trump administration efforts to rally allied nations in countering Iranian influence, as the regional conflict persists in an uneasy stalemate while continuing to disrupt global economic stability.