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Bessent Unveils G7 Sanctions Plan Targeting Iran Financing

5/19/2026

Summary

Story summary

U.S. Treasury Secretary Scott Bessent introduced a sanctions framework at the G7 “No Money for Terror” conference in Paris on May 18, 2026.
He urged G7 finance ministers and central bank governors to increase pressure on Iran’s financing networks.
Bessent announced a review of outdated designations to target sophisticated terrorist financing and sanctions-evasion.
President Donald Trump previously called for additional countries to join the United States in confronting Iran’s terrorism.

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Story summary

U.S. Treasury Secretary Scott Bessent introduced a sanctions framework at the G7 “No Money for Terror” conference in Paris on May 18, 2026.
He urged G7 finance ministers and central bank governors to increase pressure on Iran’s financing networks.
Bessent announced a review of outdated designations to target sophisticated terrorist financing and sanctions-evasion.
President Donald Trump previously called for additional countries to join the United States in confronting Iran’s terrorism.