Iran rejects new US sanctions, vows to counter economic pressure

bostonglobe.com

Iran dismissed new U.S. sanctions announced Monday, vowing defiance amid threats of further economic pressure from Washington. Finance Minister Seyed Ali Madanizadeh said Iran has a two-year plan to counter isolation, while the Revolutionary Guard claimed the measures punish ordinary Iranians. Treasury Secretary Scott Bessent sanctioned over 60 entities tied to Iran's nuclear, missile, cyber, and oil activities. The sanctions target digital assets, technology, gold, aviation, and shipping. Iran's largest trading partners include China, Turkey, and the UAE, which halted trade last week. Analysts warn Iran may retaliate militarily, with officials threatening Gulf allies.


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