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US unveils new sanction intended to strangle Iran’s economy as conflict drags on; Tehran vows tough response_我的网站

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    Drivers queue at a petrol station to refuel in Tehran, on August 25, 2026. Photo: VCG
As military strikes and diplomatic negotiations have both failed to bring an early end to the roughly six‑month‑old US-Iran conflict, Washington rolled out new sanctions against Tehran on Monday local time intended to further strangle its economy. Iran, for its part, has vowed a tougher pushback.
In a news conference on Monday, Treasury Secretary Scott Bessent threatened new sanctions on countries refusing to cut economic ties with Iran, following recent rhetoric from Washington threatening an "economic D-Day" for Iran. 
Meanwhile, the Office of Foreign Assets Control (OFAC) under the US Treasury announced secondary sanctions on nearly 60 entities, individuals, and vessels in multiple jurisdictions which, according to the US' claims, enable Iran's activities, including so-called nuclear and missile technology procurement, cyber operations, and oil-revenue generation networks.
According to Reuters, those sanctions targeted businesses in China, the UAE, Singapore and several other countries, including a cooking-oil refinery in France, but did not include any of the Chinese financial institutions suspected of facilitating Iran's oil trade.
In response to US Treasury Secretary Scott Bessent laying out plans for economic asphyxiation of Iran, expanding Washington's secondary sanction threats and warning of dire consequences for countries that do not join the campaign, Chinese Foreign Ministry spokesperson Lin Jian said at a press briefing on Tuesday that China has made clear on many occasions its firm opposition to illicit unilateral sanctions that have no basis in international law or the authorization of the UN Security Council. 
"Economic warfare and maximum pressure provide no solution. On the contrary, they only serve to fuel tensions and lead to risk spillover, which will disrupt the global economic and financial order, and harm the legitimate rights and interests of other countries," the spokesperson said. 
The pressing task is to facilitate the deescalation of the situation and return to dialogue and negotiation as soon as possible, Lin said, adding that China will do everything necessary to firmly safeguard its rights and interests, Lin added. Lin also said China's cooperation with Iran is conducted within the framework of international law, thus should not be disrupted.
When asked whether China has received any such timeline, as the US stated it would give countries a timeline on when to shut down the actions that it has identified, and how China intends to respond to the relevant announcements by the US Treasury involving China-based entities and individuals, Chinese Foreign Ministry spokesperson Lin Jian stated on Tuesday that China is closely following the developments, and will do everything necessary to firmly safeguard our rights and interests.
In May this year, China's Ministry of Commerce issued a blocking ban prohibiting any recognition, enforcement or compliance with US sanctions imposed on five Chinese companies on the grounds of their alleged involvement in Iranian petroleum transactions.
Relying on its financial hegemony and long‑arm jurisdiction, the US enforces unilateral sanctions with no basis in international law. Such measures severely undermine fundamental consensus for international trade and erode the existing international order, Zhou Mi, senior research fellow at the Chinese Academy of International Trade and Economic Cooperation, told the Global Times on Tuesday.
In essence, Washington is imposing its Iran‑focused policies to enterprises across the globe, compelling third‑party actors to fall in line with its diplomatic objectives, Zhou noted.
The latest sanctions would affect a broader range of countries, industries and firms. They will not only draw wider opposition from the international community, but also boomerang on the interests of US‑owned enterprises, he added. 
Fewer levers left 
"We are launching an economic onslaught against Iran's financial connections around the globe," Bessent claimed at a press conference. "Our objective is to sever every economic lifeline" that sustains the country, he said, according to a Treasury release. 
The US Treasury Department said in a release that the new sectoral sanctions determinations target five critical sectors - digital assets, technology, gold, aviation and shipping - that the US claimed Iran has relied on to support its economy.
US Treasury claimed that "any entity that facilitates money laundering or sanctions evasion on behalf of Iran risks being cut off from the US financial system."
OFAC also suspended several general licenses that previously authorized certain remittance payments to Iran and Iranian access to the US cultural and academic system. The office also issued additional guidance on the so-called sanctions risks of bowing to Iranian demands related to shipping in the Strait of Hormuz.
Mohammad Mokhber, an aide to Supreme Leader Mojtaba Khamenei, said in an X post on Monday that Iran's response to US sanctions and pressure will be "more decisive than before."
Iranian Economy Minister Ali Madanizadeh said that Tehran "is and was ready," with a two-year plan to counter Washington's new sanctions. He told state television that "it seems they wished to suffer yet another defeat," per an AFP report. 
Iranian Parliament Speaker Mohammad Bagher Ghalibaf responded in an X post that "the Americans know no one will believe their nonsense," noting that the US is not in a position economically to restrict its relations with other countries. 
Alan Eyre, a distinguished diplomatic fellow at the Middle East Institute, told NBC News that after six months of combat, the US government "has few remaining levers it can use to convince Iran's major trading partners to materially reduce their economic ties."
While Washington's maximum‑pressure campaign may deliver short‑term shocks to Iran's economy, it can hardly "strangle" the country completely, said Liu Zhongmin, a professor at the Middle East Studies Institute of Shanghai International Studies University.
He added that Iran's economic resilience cannot be underestimated. Having borne decades of crippling sanctions from the US and Western nations, Tehran has built substantial experience in sanction‑busting and developed coping mechanisms ranging from basic‑industry self‑reliance and regional trade networks to oil‑for‑goods swaps and non‑US dollar‑denominated trade. Furthermore, the Strait of Hormuz remains a source of strategic leverage for Iran to push back against US pressure.
The expert said that Tehran and Washington are encountering "a battle of wills," and Iran believes the economic costs the US would suffer from a Hormuz blockade would outweigh the damage inflicted on Iran by sanctions.
Washington's "economic strangulation" policy risks ending in failure unless it yields short‑term outcomes, particularly securing the opening of the Strait of Hormuz, Liu added. 
Self-created dilemma
As the US ramps up pressure on Iran, Americans are growing averse to a protracted war.
According to a Reuters/Ipsos poll that closed on Monday, US ‌public approval of the war with Iran fell to its lowest level since the conflict's early days, with just 31 percent of Americans supporting US military action.
On June 18, the US and Iran signed an MoU, under which the two were scheduled to hold negotiations within a period of 60 days, which ended on August 17, to reach a final agreement. However, the talks' fate remains unclear following renewed escalation between the two countries.
Iranian political analyst Mostafa Khoshcheschm told Al Jazeera that the new US sanctions intended to create an "economic onslaught" were a "political show" of intimidation. 
Liu said that by resorting to an "economic strangulation" tactic after miring itself in a fruitless military quagmire over Iran, the US has laid bare its practical predicament and strategic dilemma, and seemingly running out of cards.
Citing sources, CNN reported earlier this month that the US military has exhausted nearly 80 percent of its interceptors for a key missile defense system as senior US military commanders are warning that the Pentagon's munitions stockpile is "dangerously low."
Faced with depleted ammunition stockpiles and insufficient military‑industrial capacity, and amid growing domestic criticism of its Middle East policy, the White House has opted for tough economic measures against Iran, Liu said. "Less costly than military coercion, such moves help Washington strike a tough posture before voters and shun political risks from further military escalation," said the expert.
There is, however, an increasingly obvious paradox in Washington's economic warfare against Iran: the tighter the sanctions, the tighter global energy supplies become, and the higher costs borne by American consumers and businesses, the expert added. 
。    New Delhi, Oct 10 (UNI) After a prolonged illness, Samajwadi Party founder and former Uttar Pradesh Chief Minister Mulayam Singh Yadav passed away on Monday at the age of 82. President Droupadi Murmu calls him "Dharti Putra" as Prime Minister Narendra Modi and other leaders across party lines remember him.

President Murmu tweeted: "The death of Shri Mulayam Singh Yadav is an irreparable loss to the country.

"The achievements of Mulayam Singh Yadav ji, who came from an ordinary environment, were extraordinary.

"'Dharti Putra' Mulayam ji was a veteran leader associated with the land. He was respected by people of all parties. My deepest condolences to his family members and supporters!"

Considered close to the late SP chief, Modi tweeted: "Shri Mulayam Singh Yadav Ji was a remarkable personality. He was widely admired as a humble and grounded leader who was sensitive to people’s problems. He served people diligently and devoted his life towards popularising the ideals of Loknayak JP and Dr. Lohia", along with some file photos of the two leaders.

"Mulayam Singh Yadav Ji distinguished himself in UP and national politics. He was a key soldier for democracy during the Emergency. As Defence Minister, he worked for a stronger India. His Parliamentary interventions were insightful and emphasised on furthering national interest.

"I had many interactions with Mulayam Singh Yadav Ji when we served as Chief Ministers of our respective states. The close association continued and I always looked forward to hearing his views. His demise pains me. Condolences to his family and lakhs of supporters. Om Shanti," Modi said.

Announcing three days state mourning on his predecssor's death, Chief Minister Yogi Adityanath tweeted: "The demise of former Chief Minister of Uttar Pradesh Shri Mulayam Singh Yadav ji is extremely sad.

"His death marked the end of a major pillar of socialism and a struggling era." Adityanath spoke to Mulayam Singh's son Akhilesh Yadav on the phone and also said: "His last rites will be performed with full state honours."

Union Home Minister Amit Shah expressed his condolences to Singh's family and supporters. "In this hour of grief. May God give place to the departed soul at his feet", he tweeted.

"Mulayam Singh Yadav ji remained active in politics for decades with his unique political skills. During the Emergency, he raised his voice for the restoration of democracy. He will always be remembered as a grassroots mass leader. His death marks the end of an era in Indian politics," Shah said.

DMK chief and Tamil Nadu CM MK Stalin tweeted: Saddened by the demise of former CM of UP and senior leader of @samajwadiparty Thiru. Mulayam Singh.

"One of the tallest figures in Indian Politics who stood for reservation for the OBC, Thiru Mulayam Singh was deeply committed to secular ideals. His death is an irreparable loss."

CPM General Secretary Sitaram Yechury tweeted: "The champion of the interests of the marginalised and backward: Shri Mulayam Singh Yadav ji steadfastly fought against religious bigotry at a crucial time for India, upholding the unity and integrity of India. Deepest condolences."

BSP chief and Mulayam's long-time rival in the state, Mayawati, tweeted: "Very sad news of the passing away of veteran Samajwadi Party leader and former Chief Minister of UP Shri Mulayam Singh Yadav ji today. My deepest condolences to his family and all well wishers. May nature give them all the strength to bear this sorrow."

Congress leaders Jairam Ramesh, Shashi Tharoor also tweeted.

Ramesh: "Mulayam Singh Yadav was a stalwart Lohiaite but had admirers across political spectrum. His tenures as CM of UP were very consequential. He played a key national role on 2 occasions: Deve Gowda & Gujral govts as Defence Min,& in 2002 when he proposed APJ Abdul Kalam for President."

Tharoor: "Profound condolences to @yadavakhilesh on the passing of his eminent father Mulayam Singh Yadav ji. I had met the former DefenceMinister at the @UN & subsequently exchanged thoughts with him at the LokSabha. A political giant has passed. A great loss to all Indians. OM Shanti."

Tharoor also said:"As a mark of respect for the late Mulayam Singh Yadav ji I am cancelling my Lucknow programme today."

NCP MP Supriya Sule tweeted: "Deeply saddened to hear about the demise of Former Union Defence Minister and Chief Minister of Uttar Pradesh Mulayam Singh Yadav Ji. Netaji was one of the tallest socialist leader our country has seen."

Shiv Sena MP Priyanka Chaturvedi tweeted: "My heartfelt condolences to Shri Akhilesh Yadav, the Yadav family family, all members of Samajwadi Party & its supporters on the passing of stalwart leader & Fmr CM of UP, Shri Mulayam Singh Yadav ji. He leaves behind a huge legacy of work&service. He will be hugely missed."

Shiromani Akali Dal chief Sukhbir Singh Badal tweeted: "The nation has lost a doyen in the passing away of Shri Mulayam Singh Yadav ji. A socialist icon, he will be known for empowering the under-privileged. My heartfelt condolences to @yadavakhilesh & the entire Samajwadi family."

Top businessman Gautam Adani tweeted: "Saddened that Shri Mulayam Singh Yadav is no more. His contributions in laying the foundations for a stronger India and expansive UP will be long remembered. A rare titan, MSY will be missed. My deepest condolences to Shri Akhilesh Yadav and family."

Mulayam Singh died at the Medanta Hospital in Gurugram following multiple organ failure, according to reports.

He was one of the most prominent leaders of Uttar Pradesh and had served as the chief minister of the state thrice besides serving in the Union government as the defence minister. He was elected 10 times as MLA and 7 times as Lok Sabha MP.

UNI ING。

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