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Iran Criticizes US Sanctions as 'Extraterritorial Sovereignty' Ahead of Announcement

Conflict23 sourcesAug 22, 2026
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Iran maintains harsh rhetoric against US plans to impose tough new sanctions, with Iranian Foreign Ministry spokesman Esmaeil Baqaei stating on X on Saturday that the US declaration of new economic sanctions is an assertion of extraterritorial sovereignty over every independent Member State of the United Nations.

Baqaei added that such secondary sanctions find no foundation in international law. US Treasury Secretary Scott Bessent will hold a news conference on Monday at 2 p.m. EDT (6 p.m. GMT) to detail the plan. Bessent told CNBC on Thursday that the Trump administration's plan to crush Iran's economy will likely negate the need for major US military operations.

He vowed the US will create the greatest coordinated economic isolation in the history of the world against Iran and stated to allies, "You are either with us or against us." President Donald Trump announced on Wednesday the most crushing economic operation ever taken against any country against Iran, threatening severe financial penalties on any nation that helps Tehran evade sanctions and calling it "Economic Warfare and Isolation on an unprecedented scale."

Vice President JD Vance said economic pressure is the United States' most effective tool against Iran, noting Iran has felt a lot more pressure than we have in recent weeks. Iranian Parliament Speaker Mohammad Baqer Qalibaf told an event in Baghdad on Friday that Muslim countries must plan to overcome cruel sanctions. Iranian Foreign Minister Abbas Araghchi rejected the US premise, stating Trump's campaign was bound to fail like previous rounds of US pressure.

The war between the US and Iran neared six months old, with oil shipments through the Strait of Hormuz virtually halted since the US launched its war against Iran on February 28. Iran threatens to strike unauthorized oil tankers attempting to transit the narrow waterway. China, which buys more than 80% of Iran's shipped oil according to 2025 data from Kpler, urged diplomacy and refused to join the US sanctions campaign. The United Arab Emirates announced this week it was cutting all economic ties with Iran.

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23 sources placed · 5 from headlines only

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