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Times of India·4 min read·hard

‘US not in economic position to further restrict, no one buys their bombast’: Iran

A
AYUSH PANDEY
‘US not in economic position to further restrict, no one buys their bombast’: Iran
AI Summary

Iranian official Mohammad Bagher Ghalibaf dismissed new US economic sanctions, dubbed 'Operation Economic Outcast,' as ineffective bombast. The US Treasury campaign aims to isolate Iran financially and disrupt its oil revenue networks, but Tehran claims its trading partners remain undeterred.

Why it matters

This highlights the ongoing geopolitical tension between the US and Iran, specifically regarding the efficacy of economic warfare and international sanctions.

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Iranian Parliament Speaker and top negotiator Mohammad Bagher Ghalibaf has hit back at the United States over its escalating economic pressure on Tehran, saying Washington is not in a position to further restrict its economic relations with other countries.Ghalibaf’s remarks came after US Treasury Secretary Scott Bessent launched “Operation Economic Outcast”, a campaign aimed at cutting Iran’s financial links around the world and targeting countries and networks that continue to support Tehran economically.In a post on X, Ghalibaf said, "Americans know that no one buys their bombast; the United States is not in an economic position to further restrict its relations with other countries.""Iran's trading partners, both in the media and through messages sent to us, have made it clear that they don't take these statements into account anywhere," he added.The latest exchange comes as Washington expands sanctions against Iran and seeks to restrict Tehran’s access to international financial networks,…

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