Iran promised to retaliate against expanded U.S. economic sanctions that the Americans said would cut off Iran’s economic lifeline, with Tehran expressing confidence that major trading partners would resist Washington’s pressure campaign.
Struggling to resolve an unpopular war that has pushed energy prices higher, the administration of President Donald Trump appears to be counting on further economic pressure even though Iran has spent decades under layers of U.S. and international sanctions that have battered its economy but have not deterred its leadership. Munir spoke with Mr. Mr.
The Treasury Department announced new sanctions on 60 individuals, entities and vessels, but the list did not include any of the Chinese financial institutions suspected of facilitating Iran’s oil trade.
Afterward, Iranian Economy Minister Ali Madanizadeh said, “We are fully prepared for the U.S. sanctions. He also said neither China nor Russia had “accepted” the U.S. measures, and predicted other countries would resist them. He said he wanted to give countries and companies time to sever ties. The Chinese Foreign Ministry said sanctions and pressure tactics do not help and Beijing would do what was necessary to protect China’s interests. Trump last week, according to three Pakistani sources. Trump initiated the conversation, two sources said.
Before the announcement, Iran threatened both a possible military response and further reduction in oil exports from the Gulf in response to any U.S. economic measures. Bessent previously urged cooperation from China, the biggest buyer of Iranian oil for several years, although the U.S. blockade of Iran’s ports, renewed in mid-July, has already cut Iranian oil flows to China. Amid the sabre-rattling, Pakistani army chief Asim Munir visited Iranian President Masoud Pezeshkian in Tehran on Monday on a peace mission that came after Mr.
