Iran Criticizes U.S. Plans for New Sanctions

Iran has expressed strong opposition to the United States' plans to impose new economic sanctions. Iranian Foreign Ministry spokesman Esmaeil Baqaei stated that the sanctions represent an assertion of 'extraterritorial sovereignty' over independent nations. U.S. Treasury Secretary Scott Bessent indicated that the sanctions aim to significantly weaken Iran's economy, potentially reducing the need for military action. He announced plans for a news conference to discuss the sanctions further, emphasizing that allies must choose sides regarding U.S. actions against Iran. Vice President JD Vance described economic pressure as the most effective tool against Iran, while Iranian parliament speaker Mohammad Baqer Qalibaf called for a strategy among Muslim countries to counter the sanctions. The situation has led to reduced shipping traffic through the Strait of Hormuz, a vital oil transit route, with recent data showing low crossing numbers. Oil prices remained stable, with Brent crude closing at $94.39 per barrel. Analysts have raised questions about the effectiveness of the new sanctions, noting that Iran is already heavily sanctioned and may believe it can endure the pressure.