Can U.S. sanctions hurt Iran

The United States has launched a new phase of economic sanctions against Iran, targeting money transfer networks and international goods used by Tehran to evade existing sanctions. The new measures include restrictions on digital assets, technology, gold trading, maritime shipping, and aviation, with a warning to foreign companies against assisting Iran in money laundering; those caught doing so will be excluded from the U.S. financial system. This step aims to complicate Iran's ways of circumventing sanctions and to reduce the regime's ability to finance its economic activities, especially amid declining oil exports and rising inflation domestically. These economic pressures are leading to higher food prices, a devaluation of the Iranian currency, and a decline in companies and employment opportunities. Despite the strengthened measures against Iran’s financial networks, tensions remain regarding the impact of these sanctions on changing the behavior of the Iranian leadership, amid concerns about an expanding shadow economy and increasing black market activities.

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