US to push economic pressure on Iran at G20 finance talks

People shop for produce at the historic Tajrish bazaar in northern Tehran, on Aug 25, 2026. (AFP Photo)

Treasury Secretary Scott Bessent will step up efforts to isolate Iran economically as he hosts G20 counterparts next week, a U.S. official has said, in a gathering clouded by war and trade tensions.

Finance ministers and central bank governors from the Group of 20 major economies are due to convene in mountainous Asheville, North Carolina, on Aug. 31 and Sept. 1.

Their talks are the first of several key ministerial meetings this year, setting the stage for a G20 leaders' summit President Donald Trump will host in December in Florida.