United States Treasury Secretary Scott Bessent said on Monday that he would call on G7 finance ministers to follow a sanctions regime in order to keep financing away from what Bessent described as Iran’s “war machine.”For all the latest headlines follow our Google News channel online or via the app.Bessent added that last week’s trip by a US delegation to China, led by President Donald Trump, was “very successful.”G7 finance ministers met in Paris on Monday, looking to find common ground on tackling economic tensions and global imbalances in the wake of a bond market selloff triggered by concern over inflation risks from the Iran war.The two-day meeting follows a summit between US President Donald Trump and Chinese President Xi Jinping in Beijing that yielded few concrete economic breakthroughs, as tensions over Taiwan and trade simmered beneath a display of diplomatic cordiality.Finance ministers will also be looking for an update on US-China relations following the Trump-Xi summit and the latest US efforts to re-open the Strait of Hormuz, as the Trump administration allowed a sanctions waiver on Russian seaborne oil to lapse on Saturday.With Reuters Read more: Trump warns ‘there won’t be anything left’ of Iran unless it agrees to deal