The United States Treasury Secretary, Scott Becent, will convene a press conference on Monday to explain the new United States sanctions against Iran. In an interview with CNBC, Becent stated that this would be one of the “most severe” sanctions in history, with the aim of further increasing economic pressure on Iran.
The Trump government has asked its allies to cooperate.
Becent indicated that the Trump administration was demanding that United States allies, as well as other countries, stop their business with Iran. He stated that the United States would use all means to put pressure on uncooperative targets to promote a coordinated economic isolation of Iran.
Trump also indicated last week that the United States would carry out a robust economic campaign against Iran that was unprecedented. From the White House to the Treasury Department, recent statements indicate that the United States is focusing its pressure on Iran on the financial and trade dimensions.
The Ministry of Finance will describe the sanctions arrangements
In the British Financial Times, Bercent stated that a new round of operations would be a massive financial offensive against opponents. He then stated to CNBC that the United States would use tougher sanctions against the Iranian economy.
The information currently disclosed indicates that the press conference of the Ministry of Finance will be an official presentation of the current round of sanctions, but the report has not yet given details of the specific target, scope of implementation or time of entry into force.
Iran's public response to the US
The spokesperson of the Islamic Revolutionary Guard Corps in Iran responded through the official media that the United States had launched an economic war, but rather had demonstrated its military defeat. Iran has also indicated that it has the means to mitigate the adverse effects of external pressures and is able to continue to establish economic ties with other countries.
This means that, as the United States prepares to upgrade its economic sanctions, the Iranian side has not released a signal of compromise. Next, the market will focus on the specific measures announced by the United States Treasury Department and whether the actions have been extended to more cross-border financial and trade constraints.