US Treasury Secretary Scott Bessent is hosting G20 finance ministers in Asheville, North Carolina, on August 31 and September 1. His main objective is to rally allies behind Iran sanctions as part of Operation Economic Outcast, targeting nearly 60 Iranian-related entities across five sectors. US public debt exceeded $40 trillion as of August 19, roughly double its 2017 level. On energy markets, the Strait of Hormuz remains closed, keeping Brent crude around $92 per barrel and gasoline above $4 per gallon. Several G20 members, including China and Russia, are expressing reservations about the US push for compliance.
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