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Iran minister dismisses new US sanctions as ineffective

The US is preparing additional punitive measures on Iran, with Treasury Secretary Scott Bessent expected to announce them Monday.

Reported · Written up by our desk · Central Banks

Iran Foreign Minister Abbas Araghchi dismissed the prospect of another round of US economic sanctions as a desperate effort that would not succeed in defeating Tehran, according to statements carried by Reuters, as reported by FXStreet.

The report says the Trump administration has been ramping up pressure on the Iranian economy, including a campaign described by President Donald Trump as the most crushing economic operation ever taken against any country.

FXStreet also notes that US Treasury Secretary Scott Bessent is expected to outline further punitive measures on Iran on Monday, while China said it continues to support a diplomatic end to the US-Iran war and released a delayed statement ahead of the expected US rollout.

The piece additionally explains how investors typically shift between “risk-on” and “risk-off” positioning, describing which currencies and assets often benefit in each environment.

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