Iranian President says new U.S. sanctions will achieve nothing

Iranian President Hassan Rouhani's administration insisted on Wednesday that the United States will achieve nothing through its new sanctions campaign. The remarks came nearly six months into an ongoing stalemate between the two nations, during which Iran has maintained control over the key Strait of Hormuz.

The U.S. sanctions campaign, detailed by U.S. Treasury Secretary Scott Bessent, aims to collapse the Iranian economy through a strategy of economic asphyxiation. Washington's plan also includes warnings of dire consequences for any countries that refuse to join the campaign against Tehran.