WorldAnalysis: New US sanctions will hurt Iran but will not have an immediate effect

US Treasury Secretary Scott Bessent says Washington plans to isolate Iran’s economy with targeted measures due Monday and warns allies that they must choose between supporting the US and facing its opposition. He says the US will use its “full might and force” against countries doing business with Iran. Iran’s president calls restoring the memorandum’s terms the “only way forward,” while Foreign Minister Abbas Araghchi dismisses the threats as the “same movie” repeatedly shown by the US.