What to expect as Iran braces for new US economic measures amid war
Tehran may count on links with China and others to weather the storm, but average Iranian people will bear the brunt. Tehran, Iran – Iranians are preparing for further economic pain as the United States gets ready to announce a new round of punishing sanctions on Iran. US Treasury Secretary Scott Bessent is expected to announce new economic measures against the country on Monday, designed to “squash” the Iranian economy and “collapse” the government. US President Donald Trump has also warned of an “economic D-Day”, with the US preparing the most potent financial measures against any country, aimed at Iran. But analysts say the penalties are unlikely to change the behaviour of Iran, already one of the most sanctioned countries in the world.
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Scoop News DeskIran · Published Updated
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It has also relied on using local currencies, barter measures, intermediaries and discounts as a way around the sanctions. A naval blockade enforced by the US military on Tehran has physically stopped most Iran-linked ships from transiting through the country’s southern ports.
