Iran's leader dismisses fresh US sanctions as ineffective amid ongoing conflict
Iranian President Masoud Pezeshkian declared that the United States' new sanctions will not achieve any results, as the war with Washington remains at a stalemate.
During a press briefing, President Masoud Pezeshkian asserted that the United States' latest sanctions campaign will achieve nothing, echoing Iran's long-standing resilience to economic pressure. He referenced a two-year strategy designed to offset the sanctions, while army spokesperson Mohammad Akraminia announced the restoration of Iran's combat systems and the acquisition of new foreign equipment. Treasury Secretary Scott Bessent claimed the US had dismantled Iran's military factories and outlined new secondary sanctions aimed at digital assets, technology, gold, aviation and shipping sectors.
President Donald Trump, facing domestic scrutiny, said the US would keep applying economic tools but offered no timeline for talks, and Israeli Prime Minister Benjamin Netanyahu dismissed any prospect of a deal. The conflict continues to revolve around the blocked Strait of Hormuz, with Iran refusing to reopen it until its demands are met, and ongoing negotiations with Oman on a temporary transit corridor that could involve revenue sharing with the Revolutionary Guards.
Why it matters
The standoff over sanctions and the Strait of Hormuz affects global oil supplies and the broader economy.
How this story developed
- Jul 20 U.S. and Iran intensify air strikes over Strait of Hormuz, diplomacy stalls
- Aug 24 The United States unveiled the sanctions package on Monday.
- Aug 24 The United Arab Emirates announced it is suspending all trade with Iran.
- Aug 24 The Treasury Department unveiled Operation Economic Outcast, a fresh round of secondary sanctions targeting nations that keep trade ties with Iran.
- Aug 24 Iran formally rejected the U.S. claim to Hormuz and demanded Washington meet a 14‑point memorandum before the passage is reopened.
- Aug 25 Iran pledged to respond to the United States' broadened sanctions, while Washington warned trading partners of possible financial penalties.
- Aug 25 Iranian rial fell to a record 2.02 million per US dollar.
- Aug 25 President Trump held an impromptu press briefing focused on construction projects rather than the Iran conflict.
- Aug 25 The Treasury listed about 60 Iranian individuals, entities and vessels for sanction and detailed secondary penalties for foreign firms.
- Aug 25 A senior Pakistani delegation met with Iran's president in Tehran for talks described as very positive.
- Aug 25 The United States announced sanctions on roughly 60 Iran‑linked parties.
- Aug 25 Somali pirates captured six merchant vessels across the Gulf of Aden and western Indian Ocean since April.
- Aug 25 Oman’s foreign ministry said its senior diplomat met Iran’s foreign minister to discuss a temporary navigation corridor and joint mine‑clearance.
- Aug 26 Iran reiterated that the Strait of Hormuz will remain closed despite ongoing negotiations with Oman.
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