U.S. Treasury Secretary Scott Bessent Presses Iran Sanctions at G20 Meeting in Asheville
U.S. Treasury Secretary Scott Bessent is utilizing the G20 meeting in Asheville, North Carolina, to advocate for increased international pressure on Iran. Bessent announced 'Operation Economic Outcast' on August 24, an initiative aimed at severing Iran's financial networks globally. This campaign seeks to cut off revenue streams, prevent sanctions evasion, and undermine Iran's military and security apparatus. The operation targets financial channels and other networks Iran uses for international money movement, including increased sanctions risks involving digital assets, technology, gold, aviation, and shipping. Bessent has warned foreign financial institutions that facilitating Iranian transactions could jeopardize their access to the U.S. financial system, stating that any entity involved in money laundering for Iran will be removed from the U.S. dollar system. The G20, established in 1999, is an international forum for major advanced and emerging economies to discuss and coordinate economic policy, rep... 
