Washington links continued dollar-system access to compliance with Iran sanctions, escalating geopolitical risks for energy and shipping markets.
The US will press G20 finance leaders to align with its Iran sanctions, framing dollar-based financial system access as contingent on compliance. This move adds geopolitical risk premiums to energy and shipping markets tied to Iran, potentially disrupting trade flows.
Discussions will also focus on reducing global trade imbalances, particularly targeting China’s export model, and addressing sovereign debt. The agenda includes resilient supply chains for critical resources and private-sector innovation, with business leaders participating in the talks.
Markets will closely watch for signals on Treasury’s approach to long-dated bond buybacks, given elevated yields since the Iran conflict escalated. The meeting follows the US skipping last year’s G20 process led by South Africa.