Pressure mounts on Iran as new US sanctions imminent
Iranian President Masoud Pezeshkian said his country was facing “an all-out economic, military and security war”, as the US prepares to announce new sanctions. US Treasury Secretary Scott Bessent is expected to unveil new measures on Monday to isolate Iran economically after months of inconclusive warfare. Officials in Tehran expect the sanctions to be aimed at Iran’s economic relations with…
As US Treasury Secretary Scott Bessent prepares to announce new sanctions against Iran, President Masoud Pezeshkian warns that his nation is locked in a "war" on multiple fronts. Tehran anticipates the measures will target the country's economic ties with foreign entities. Iranian officials have expressed gratitude for the resilience of the Iranian people amidst economic challenges stemming from water, energy, banking, and sanctions.
Meanwhile, Saudi Arabia's Crown Prince Mohammed bin Salman has arrived in Paris to discuss expansion of oil pipelines as an alternative to the current trade routes through the Strait of Hormuz. The 60-day peace talks window between the US and Iran expired last week, and shipping through the Strait has ceased, prompting discussions on bypassing traditional paths.
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