US Treasury Secretary Scott Bessent Urges G7 to Cut Iran Financing Flows

United States Secretary of the Treasury, Scott Bessent, urged world leaders at the G7 conference in Paris to help the US fight Iran’s terrorism financing. In his remarks on Tuesday (19 May 2026), Bessent stressed the importance of cutting off the flows of funds that have long underpinned those activities. Bessent introduced a new rubric for imposing sanctions that he called an aggressive and measured move. The step is part of a broader US strategy to pressure Tehran amid a conflict that continues to disrupt global economic stability. At the conference titled No Money for Terror, Bessent boasted the effectiveness of US economic diplomacy. He claimed that no foe feels the impact of American economic power more than Iran through an initiative nicknamed Operation Economic Fury. “KAMI SE… [text truncated]