US Imposes New Sanctions on Iran Amid Stalled War and Blocked Strait of Hormuz

The United States is intensifying its economic pressure on Iran, with Treasury Secretary Scott Bessent announcing plans for the "economic strangulation" of the country. "The goal is to cut every economic lifeline that sustains this tyrannical regime," Bessent stated, as the conflict initiated on February 28 has reached a stalemate, peace negotiations have stalled, and passage through the Strait of Hormuz is largely obstructed.

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The goal is to cut every economic lifeline that sustains this tyrannical regime.

While Iranian leaders appear unfazed by the harsh rhetoric, some residents in the capital are worried about the potential impact of these new measures. Images from Tehran on Tuesday showed long queues of cars at gas stations following an announcement by Iranian President's Chief of Staff Mohsen Haji-Mirzaei regarding a review of gasoline quotas. "It is clear that the quotas have been reduced without changing the price, but anyone who wants to buy more gasoline than the quota allows will have a higher price," Haji-Mirzaei announced on state television.

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It is clear that the quotas have been reduced without changing the price, but anyone who wants to buy more gasoline than the quota allows will have a higher price.

In response to the U.S. announcement, Iran predicted "another defeat" for Washington. "We have long awaited such plans; the government has been and is prepared and has a two-year plan to manage these events," said Economy Minister Ali Madanizadeh. The sanctions come as the ongoing conflict and the blockade of the Strait of Hormuz have significantly impacted the region's economy and stability.

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We have long awaited such plans; the government has been and is prepared and has a two-year plan to manage these events.