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US vows 'economic asphyxiation' of Iran with new sanctions

US vows 'economic asphyxiation' of Iran with new sanctions

13 Sept 06:20 Key points summarised by AI
  • The US Treasury Secretary unveiled plans for the 'economic asphyxiation' of Iran, expanding secondary sanctions to sever all economic lifelines and isolate the regime.
  • New sanctions target Iran's digital assets, technology, gold, aviation, and shipping sectors, alongside 60 global entities accused of aiding Iran's oil revenue, weapons procurement, and cyber operations.
  • Washington warns that countries and entities failing to comply with sanctions or facilitating money laundering for Iran will face severe consequences, including removal from the US dollar system.
  • Iran dismisses the threats, asserting readiness with a two-year plan to manage the impact, while the US maintains that military strikes remain an option alongside economic pressure.
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