Iran Braces for New US Sanctions, Betting on Political Shift

The United States announced new sanctions targeting Iran's financial connections worldwide, a move Treasury Secretary Scott Bessent called an "economic D-Day." Iran's economy minister dismissed the measures as "the same old talk," stating Tehran is prepared for any scenario. The sanctions expand on years of existing US penalties against Iran, targeting digital assets, technology, gold, aviation, and shipping. Washington threatens secondary sanctions against nations and companies doing business with Iran, though previous measures have already reduced Iran's oil exports and complicated imports. Iran faces a difficult choice between making concessions now or waiting, betting on US midterm elections in November potentially shifting political dynamics. The country's economy is deteriorating, with inflation rising and citizens reporting severe financial strain.