Iran's parliament speaker dismisses new US sanctions as Washington's economic weakness

Iran's parliament speaker Mohammad Bagher Ghalibaf dismissed new US sanctions against the Islamic Republic, stating Washington lacks the economic position to further restrict its relations with other countries. Ghalibaf called the threats "absurd" and said Iran's trade partners have made clear they do not take the US rhetoric seriously. The US Treasury announced plans to cut all economic resources supporting Iran's government. The sanctions target a network moving Iranian oil across the UAE, China, Singapore, and Europe. Iran's economy minister promised a "new defeat" for the US, claiming a two-year plan to manage the situation.