Bessent says he will press G7 to follow Iran sanctions regime

U.S. Treasury Secretary Scott Bessent said he will press G7 finance ministers to follow a sanctions regime on Iran, according to Reuters reporting on Monday.

The comments came as the Group of Seven finance ministers and central bank governors met in Paris, where Bessent is expected to use the talks to push allies toward tighter coordinated pressure on Tehran.

Bessent said the goal is to keep financing away from Iran's war machine, Reuters reported.

The latest remarks build on a series of recent U.S. Treasury actions targeting Iran-linked funding networks. On May 11, Treasury announced new sanctions tied to the Islamic Revolutionary Guard Corps' oil operations and said it would continue cutting off regime funding channels.

Treasury also said in an April readout that Bessent had pressed France to lead European efforts to pressure Iran, underscoring that the issue has already been central to his diplomacy with allies.

The open question now is whether the G7 meeting in Paris produces any coordinated language or follow-up measures on Iran sanctions.