The United States has announced sweeping new economic sanctions on Iran and countries that trade with it as it seeks to apply more economic pressure to isolate the country from the global economy during a diplomatic deadlock during their war.US Treasury Secretary Scott Bessent on Monday announced the measures, describing the campaign as the “economic asphyxiation” of Iran as the US-Israeli war on the country nears its six-month mark.Recommended Stories list of 3 itemslist 1 of 3US launches ‘Operation Economic Outcast’ to cut Iran’s economic lifelinelist 2 of 3Video: Iran reacts to US ‘economic D-Day’ sanctionslist 3 of 3Pakistan’s army chief back in Iran: Can he break peace talks deadlock?end of list“Around the globe, our objective is to sever every economic lifeline that sustains this tyrannical regime until Tehran stands alone,” Bessent said at a news briefing.The US Department of the Treasury imposed new sanctions on nearly 60 individuals and entities, targeting networks accused by Washington of helping Iran generate oil revenue, procure weapons and conduct cyberoperations.Iran has rejected the latest US sanctions. Economy Minister Ali Madanizadeh said the new measures will fail...

4 days ago
13







English (US) ·