Iran Prepares Two-Year Plan to Counter US Sanctions
Summary
Iran has prepared a two-year plan to withstand tightened US sanctions as Washington targets the country’s oil, finance and shipping networks. The move comes amid rising crude prices, threats over the Strait of Hormuz, and resistance from China and Russia.
Key Points
- Iran says it has a two-year plan to manage the latest round of US sanctions and is fully prepared for the pressure campaign.
- US Treasury Secretary Scott Bessent announced 'Operation Economic Outcast' and said sanctions would target digital assets, technology, gold, aviation and shipping.
- China rejected the US sanctions strategy, while Iran warned it could restrict oil exports and shipping through the Strait of Hormuz.
- Analysts said the new sanctions may have limited immediate impact because most Iranian oil still flows to China and oil prices are already elevated.
