US imposes new sanctions on Iran, targeting gold and Bitcoin

The United States has imposed new sanctions on Iran, targeting the country's gold and Bitcoin sectors, according to available reports on August 30. These restrictions follow previous sanctions on Iran's oil industry.

Iranian President Masoud Pezeshkian has acknowledged that US sanctions are harming the country's economy, describing the situation as being akin to a "state of war." In remarks on August 30, he dismissed claims that the sanctions have no effect and said Iran must accept and adapt to the current conditions.

President Pezeshkian stated that implementing the "Islamabad Memorandum of Understanding" with internal unity could help Iran overcome its problems and prevent the US and Israel from destabilizing the region. He reiterated that while Iran does not seek war, it will stand against any aggression and cannot be forced to surrender.

Separately, Parliament Speaker Baqer Qalibaf commented on regional security, stating that new agreements mark an era where Muslim countries should rely on their own capabilities rather than foreign powers.

In response to the sanctions, Iran's Defence Minister, Majid Eban al-Raza, has reiterated the country's commitment to strengthening its military readiness.

Responding to escalating tensions with the United States, Iranian President Masoud Pezeshkian has stated, “We do not want war, but we will resist aggression.”

Separately, Iran's Defence Minister affirmed the country's commitment to its military readiness, saying, “We will continue to strengthen our defense capabilities.”

Responding to the latest round of US sanctions, a senior Iranian figure identified as Araghchi delivered a defiant message, stating that “Iran will never bow down.”

The statement reinforces Tehran's position of standing firm against what it calls “US-Israeli conspiracies.”

The Iranian government on Saturday pledged to stand firm against new US sanctions, describing them as part of "US-Israeli conspiracies." In a statement, Tehran said that diplomacy and defence were "complementary, coordinated and inseparable" tools for protecting the country's national interests.

The government also outlined its economic strategy in response to the pressure, stating it would focus on curbing inflation, creating jobs, supporting domestic production, and working to gradually reduce its dependence on the US dollar.

The United States has imposed a new round of sanctions on Iran, citing allegations of money laundering. In response, Tehran has strongly condemned the measures, with its Foreign Ministry describing the new US sanctions as an act of "state terrorism."

In a national address on Saturday, Iranian President Masoud Pezeshkian warned that the continuation of US sanctions could lead to a further increase in inflation in the country.

Addressing the nation on its economic challenges, President Pezeshkian stated that while enemy plans to create chaos in Iran had failed due to public participation and guidance from the Supreme Leader, the economic pressure remains a concern. He reiterated that maintaining good relations with neighbouring countries is a priority for his government.

The United States has imposed a new round of economic sanctions against Iran, prompting another sharp condemnation from Tehran.

In response to the latest US action on Saturday, August 29, Iranian officials reiterated their defiance, according to available reports. This follows a statement from Iran's Foreign Ministry on Friday which described previous sanctions as "state terrorism" and a "crime against humanity."

Iran's Foreign Ministry on Friday condemned new US economic sanctions as "state terrorism" and a "crime against humanity." In a statement, Tehran said all countries were legally obligated to refrain from implementing the measures, adding that participation would amount to complicity.

The statement came as mediators, including Qatar's prime minister who was recently in Tehran, stepped up efforts to reopen the Strait of Hormuz. Iranian Foreign Minister Abbas Araqchi described the talks with the Qatari official as "creative."

Iranian political figure Baqir Qalibaf has welcomed China's opposition to ongoing US sanctions against Tehran, according to reports on August 28.

This follows earlier statements from Iran's foreign ministry and president also welcoming Beijing's position and criticising Washington's economic pressure campaign.

Iran has welcomed China's strong opposition to ongoing US sanctions, according to reports on Thursday, August 27.

This development adds a significant diplomatic element to Tehran's ongoing confrontation with Washington over the economic measures.

Iranian Foreign Ministry spokesperson Ismail Baghaei has dismissed US efforts to isolate Iran economically, calling Washington's anti-Iran policy a "joke."

In a statement on the social media platform X, Baghaei said the US was attempting to portray its coalition campaign as successful by involving countries like Bahrain, with which Iran already has negligible economic ties. He accused the US of presenting the suspension of already-halted sports and educational exchanges as new measures, effectively "building a coalition against Iran in a vacuum."

The spokesperson reiterated that Iran would use all available bilateral means to counter US economic sanctions.

This development follows confirmation from US Treasury Secretary Scott Bessent of discussions with Bahrain's Finance Minister, Sheikh Salman bin Khalifa Al Khalifa, on maintaining financial pressure on Iran.