US to unveil new Iran sanctions, says war entering 'endgame'

The United States is set to announce new sanctions against Iran, aiming to strangle its economy as the ongoing conflict in the Middle East reaches a critical stage. Treasury Secretary Scott Bessent, in a high-profile press conference, did not provide specific details but hinted at a comprehensive strategy targeting Iran's trading partners.

Bessent emphasized that the aim is to isolate Iran completely, forcing it to choose between global isolation and normalizing relations. The administration has already warned world leaders against engaging with the Iranian regime and is seeking their cooperation to impose these measures. Iran has already faced decades of international sanctions and retaliated by threatening to cut off oil exports from the Persian Gulf.

China, the UAE, Turkey, Iraq, Russia, and Germany are among Iran's key trading partners. The US administration has vowed to pressuring these nations to stop trading with Iran to intensify the economic pressure on Tehran.