Iran says new sanctions threatened by ‘desperate’ U.S. will fail
Iran's Foreign Minister Abbas Araghchi has dismissed upcoming U.S. sanctions as a sign of American desperation. Despite ongoing economic pressure and military conflict, Iran remains defiant and continues to disrupt shipping in the Strait of Hormuz.
Why it matters
The escalating tensions and potential blockade of the Strait of Hormuz pose a significant threat to global oil supply chains and international security.
Iran’s Foreign Minister dismissed the threat of new U.S. sanctions as a sign of desperation on Sunday (August 23, 2026) and said the expected new measures would fail to defeat Tehran.
U.S. Treasury Secretary Scott Bessent, who is due to hold a press conference at 2 p.m. EDT (1800 GMT) on Monday (August 24, 2026), has threatened to impose “the toughest sanctions in history” on Iran.
Iran’s economy is already under huge pressure from international sanctions, its infrastructure has been hit repeatedly and thousands of people have been killed in airstrikes on the Islamic Republic since the U.S. and Israel launched attacks on February 28.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in