US Sanctions on Iran Face Tehran's Defiance and China's Support

The United States announced new sanctions against Iran, calling it an "economic D-Day," but Iranian leaders downplayed the measures, saying they are prepared for any scenario. Treasury Secretary Scott Bessent warned nations that trading with Iran would face isolation. The sanctions target digital assets, technology, gold, aviation, and shipping. Iran's economy minister dismissed them as "the same old talk," noting Tehran has long experience evading restrictions. However, existing US sanctions have already reduced Iran's oil exports and complicated imports, with land routes unable to fully replace maritime trade. China firmly opposes the sanctions, which could limit their impact. Iran faces high inflation and a weakened currency, worsened by US and Israeli airstrikes since February. Tehran is watching US midterm elections in November, hoping political pressure may shift Washington's approach, though analysts warn this is a risky bet.