US Announces New Sanctions on Iran

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ran has said it is confident it can counter widened US sanctions after Washington announced what it described as an "economic D-Day" against the country to try to isolate it from the global economy.

Iranian Economy Minister Ali Madanizadeh said Tehran was "fully prepared" for the sanctions, which he said would lead to "another defeat" for the US.

Announcing a raft of new measures, US Treasury Secretary Scott Bessent said any nation financially partnering with Iran would be isolated, and that banks and businesses dealing with Iran would share its isolation if they refused to cut ties.

The moves follow U-turns and extended deadlines from the White House in its efforts to end the conflict.

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