Tensions with Iran and trade friction are on the agenda as finance ministers meet. A meeting of the world's largest economies is underway, with the US represented by Treasury Secretary Scott Bessent.

The US has imposed tariffs on major allies, disrupting international relations. Gas prices are high due to an unpopular conflict with Iran.

Further details on the meetings and US policy are available, including comments from the Treasury Secretary on growing the global economy and sanctioning a bank.