Iran prepares to keep economy alive as US threatens further sanctions

Amid trade embargoes, asset freezes and attacks on ships as part of a naval blockade, Washington has announced a plan to enact a new wave of restrictions on Iran, targeting its economy.

Treasury Secretary Scott Bessent said last Thursday that the United States was planning to inflict more economic damage on Tehran as early as this week. The US would apply measures that have “never been seen in t...