US Treasury Secretary Warns of New Sanctions on Iran
In a bold move, US Treasury Secretary Janet Yellen declared that Washington is preparing to impose fresh sanctions on Iran in response to its recent attack on Israel. Yellen expressed concern over Iran’s destabilizing actions and hinted at targeting the country’s oil exports as a potential area for sanctions.
Threat to Regional Stability
Yellen emphasized that Iran’s aggressive behavior, including the recent attack on Israel and ongoing Houthi attacks in the Red Sea, poses a serious threat to the stability of the Middle East. She vowed to use the Treasury’s sanctions authority to disrupt Iran’s malign activities and collaborate with allies to address the situation.
Israel Calls for Sanctions on Iran’s Missile Project
Israel has urged for sanctions on Iran’s missile program, prompting a strong response from the US Treasury Department. The US is already employing financial sanctions to isolate Iran and hinder its support for proxy groups and involvement in conflicts like Russia’s war in Ukraine.
Tensions Rise in Tehran
Following the direct attack on Israel by Iran, tensions are running high in Tehran. Many Iranians fear the repercussions of war on their already struggling economy and have voiced opposition to the actions of the elite Islamic Revolutionary Guards Corps (IRGC).
Civil Unrest and Anti-Government Sentiment
Civil activists inside and outside Iran have criticized the IRGC’s actions, denouncing warmongering and questioning the government’s motives in escalating conflicts. The heavy police presence in Tehran has fueled suspicions of crackdowns on potential protests.
Fears of Nationwide Protests
Concerns persist that a war with Israel and the US could spark nationwide protests similar to those seen in 2022. Graffiti and public sentiments reflect a mix of support for the government’s actions and calls for peace and restraint.
Economic Fallout and Inflation
As fears of a wider conflict loom, Iranians have rushed to stock up on essentials, exacerbating economic challenges. The Iranian rial has depreciated against the US dollar, adding to the existing inflation woes and financial hardships faced by millions of citizens.
