Geopolitics

Bessent pushes Iran sanctions as G20 grapples with growth and debt - India Today

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DW NOTE

Bessent is trying to marshal G20 consensus for Iran sanctions while the Strait of Hormuz sits closed, 2,000 ships remain stranded in the Gulf, and oil trades 24% below its yearly high because demand collapsed harder than supply. Sanctions work better when there's something left to sanction.

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Kuwait’s crude oil exports have rebounded to about 1 million barrels per day (bpd), recovering to two-thirds of the 1.6 million bpd shipped through the Strait of Hormuz before the Iran war, according to a senior official at state-owned Kuwait Petroleum Corporation (KPC). Kuwait has managed to ramp u

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Bessent pushes Iran sanctions as G20 grapples with growth and debt - India Today

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