On the 24th local time, US Treasury Secretary Bezent announced that the US initiated a new round of sanctions against Iran's “economic isolation” on the same day. From that day on, the US extended the scope of economic sanctions against Iran to the five fields of aviation, digital assets, gold, shipping, and technology. In response, Iran's Minister of Economy and Finance Madanizad responded on the same day that the Iranian government is fully prepared to deal with a new round of sanctions. Madanizad also warned that if the US takes any action, it should be prepared to be counterattacked by Iran. Analysts believe that the US announcement of a new round of sanctions against Iran may have limited effect. It is difficult for the US to use this to achieve its so-called goals and force Iran to accept US conditions, and the new sanctions may also “eat back” America itself in various aspects such as politics and economics.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.