US vows 'economic asphyxiation' of Iran with new sanctions
WASHINGTON: US Treasury Secretary Scott Bessent on Monday laid out plans for the “economic asphyxiation” of Iran, expanding Washington’s secondary sanctions threats and warning of dire consequences for countries that do not join the campaign.
US Treasury Secretary Scott Bessent announced new economic sanctions against Iran, aiming to "economic asphyxiation" of the country. The sanctions target Iran's digital assets, technology, gold, aviation, and shipping sectors. Countries not joining US sanctions would "share in the isolation" of Iran. Iran's economy minister predicted a "defeat" for Washington, stating that the government has a two-year plan to manage the situation.
Iran has experienced decades of sanctions, but continues to export oil, primarily to China. US Defence Secretary Pete Hegseth stated that military strikes are not ruled out, emphasizing that economic pressure is the most effective tactic against Iran at the moment.
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