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Iran condemns US plans to announce new sanctions

Iran has denounced US plans to announce new sanctions that could put further strain on the Islamic Republic's economy and have an impact on its most important trading partners including China.

Iran condemns US plans to announce new sanctions

Iran has strongly criticized the United States' intentions to impose new sanctions, which could exacerbate the economic strain on the Islamic Republic and affect its key trading partners, notably China. Following a six-month conflict triggered by US and Israeli airstrikes against Iran on February 28, both parties have maintained a state of hostility without engaging in direct combat.

The Strait of Hormuz has become a focal point, with Iran threatening retaliation against unauthorized oil tankers attempting to pass through the critical waterway. The US Treasury Secretary is scheduled to announce the most stringent sanctions in history on Monday, urging China, a major importer of Iranian oil, to cooperate with Washington.

Iran's Foreign Ministry spokesperson dismissed the forthcoming sanctions as an infringement on the sovereignty of UN member states. Iran's Supreme National Security Council Secretary emphasized that the country would target the interests of nations aiding the US, warning neighboring nations to avoid aligning with Washington or face the consequences.

Despite Iran's ongoing defiance, President Masoud Pezeshkian has advocated for a diplomatic resolution, condemning the US for attacking civilian infrastructure and labelling Iran as the victim of aggression.

Written by urgent.news from The Jakarta Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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The project cost skyrocketing … Seoraksan Oeseok Cable Car at a crossroads of existence The Seoraksan Oeseok Cable Car project, which has been pending for 30 years, is facing a major crisis. The project cost, which was initially expected to be around 4.2 billion won, has now surged to over 10 billion won. As a result, the project’s future is uncertain, with the possibility of it being scrapped. The Gangwon-do Provincial Council has decided to review the project’s feasibility. On the 1st, the council passed a resolution urging the provincial governor to reevaluate the project. The resolution was proposed by Councilor Lee Sang-bong of the Democratic Party. The council will review the project’s feasibility and then decide whether to proceed with the project or cancel it. The Seoraksan Oeseok Cable Car project has been in limbo for 30 years. In 1990, the project was first proposed by the Oeseok Tourism Development Corporation. However, the project faced opposition from environmental groups and others, and its implementation was delayed. In 2015, the project was approved by the Ministry of Environment, and in 2017, the Gangwon-do Provincial Council approved the project. However, the project has been stalled due to a dispute over the project cost. The project involves the construction of a 6.5 km cable car line from Oeseok in Sokcho to Ulsanbawi Rock in Seoraksan. The cable car is expected to boost tourism in the region. However, environmental groups have expressed concerns about the project’s impact on the environment. The project has been criticized for its potential harm to the natural ecosystem of Seoraksan. The Gangwon-do Provincial Council’s review of the project’s feasibility is expected to be completed by the end of the year. The council’s decision on the project’s future is expected to have significant implications for the region’s tourism industry. The Seoraksan Oeseok Cable Car project has been a contentious issue for many years. Its fate will be decided in the coming months.

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