U.S. Treasury Secretary Scott Bessent told reporters the G20 was getting back to basics ahead of a full day of meetings at the G20 Finance Minsters meeting in Asheville, NC taking place Monday and Tuesday.
\n\nBessent told reporters he was grateful for a statement in support from the European Union, which said the economic block “has adopted extensive sanctions to prevent Iran from exploiting the global economy and financial system to sustain its hostile actions and undermine international security. It remains ready to take further measures, where necessary, to safeguard its security and interests, including freedom of navigation through the Strait of Hormuz.”
\n\nBessent did not put a time frame on the set of sanctions, known as Operation Economic Outcast.
\n\n“I think it could be within weeks or months. The economy doesn’t have to collapse. We just have to have the regime come to their senses,” he said to reporters.
\n\nOperation Economic Outcast was announced last week. Its goal is to sever the economic lifelines that sustain the Iranian regime and the Islamic Revolutionary Guard Corps (IRGC). The department says it has mapped the networks, facilitators, and financial channels that Iran uses and will target any source of the regime’s…
Original source: https://www.breitbart.com/economy/
