Bessent Blames Ukraine Strikes for High Energy Prices, Warns on Iran and China

U.S. Treasury Secretary Scott Bessent, speaking at the G20 Summit in Japan on September 2, 2026, blamed Ukraine's strikes on Russia for global energy market instability and high prices. He also stated that a U.S. plan to 'asphyxiate' Iran's economy has support from allies, and that China dissented from a G20 push to curb 'cheap exports' that 19 finance ministers agreed were unsustainable. Bessent described the U.S. debt as 'scary' but maintained the economy remains strong.