U.S. Treasury Warns Iran Sanctions Would Be Historic

The US Treasury Secretary confirmed that the United States is preparing to impose the largest economic sanctions in history on Iran, with the aim of fully isolating it and controlling the Strait of Hormuz, through which significant amounts of oil pass. He called on Washington’s allies to stop dealing with the Iranian regime, noting that the sanctions will include measures against countries that continue to do business with Tehran. For its part, Iran considers the sanctions to reflect the "arrogant nature" of the United States and states that they will not affect its stance in defending its independence, deeming the sanctions policy a failure that will lead to further setbacks.

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