What to expect as Iran braces for new US economic measures amid war

Tehran, Iran – Iranians are preparing for further economic pain as the United States gets ready to announce a new round of punishing sanctions on Iran.US Treasury Secretary Scott Bessent is expected to announce new economic measures against the country on Monday, designed to “squash” the Iranian economy and “collapse” the government.US President Donald Trump has also warned of an “economic D-Day”, with the US preparing the most potent financial measures against any country, aimed at Iran.But analysts say the penalties are unlikely to change the behaviour of Iran, already one of the most sanctioned countries in the world.Banks, oil buyers and refiners, shipping companies, registries, ports, airports, exchange houses, front companies and potentially governments facilitating Iranian trade could be exposed to secondary sanctions by Washington.In a social media post on Monday, Trump claimed Iran was “completely collapsing”.The country has been subject to a “maximum pressure” campaign by the US since Trump’s first term in office in 2018.This followed the US’s unilateral withdrawal from a nuclear deal signed three years earlier between Iran and world powers.This had lifted United Nations ...