Iran says new sanctions threatened by 'desperate' U.S. will fail
Politics
Finance
August 24, 2026
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(Reuters) – Iran’s foreign minister dismissed the threat of new U.S. sanctions as a sign of desperation on Sunday and said the expected new measures would fail to defeat Tehran.
U.S. Treasury Secretary Scott Bessent, is due to hold a press conference at 2 p.m. EDT (1800 GMT) on Monday, 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.
Politics
Finance
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