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US economic pressure will achieve nothing, says Iran president
๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria /Economy & Trade

US economic pressure will achieve nothing, says Iran president

From Vanguard · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

News Sources not specified Context piece
  • Iran's president stated that economic pressure from the United States will not yield results.
  • The US Treasury Secretary outlined plans for Iran's economic "asphyxiation" and warned other nations against non-compliance.
  • The Iranian president asserted that such measures are ineffective and will not achieve US objectives.

Iranian President Ebrahim Raisi asserted that the United States' strategy of economic pressure will prove futile. His remarks came as U.S. Treasury Secretary Scott Bessent detailed plans for Iran's economic "asphyxiation." Bessent warned countries that fail to join this campaign of severe consequences.

Raisi maintained that these punitive measures are ineffective and will not achieve the objectives set by the U.S. The president's statement directly challenges the efficacy of the economic sanctions and the broader strategy of isolating Iran financially. The U.S. aims to cripple Iran's economy, but Tehran remains defiant.

The United States will achieve nothing with economic pressure.

โ€” Ebrahim RaisiIranian President Ebrahim Raisi's statement on the ineffectiveness of US economic pressure.

The U.S. Treasury's plan signals a hardening stance, with specific threats directed at nations that continue to engage economically with Iran. This approach aims to compel international compliance through the threat of secondary sanctions, impacting countries' access to the U.S. financial system.

We are going to be able to bring economic asphyxiation to Iran.

โ€” Scott BessentUS Treasury Secretary Scott Bessent outlining the US strategy towards Iran.
DistantNews Editorial

Originally published by Vanguard in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.