Iran Parliament Speaker: US not in an economic position to impose more restrictions on other countries

Iranian Parliament Speaker Mohammad Bagher Ghalibaf said on Monday that the US is not in an economic position to continue restricting its relations with other countries as the US Treasury announced "unprecedented" sanctions on Iran.

In a post on X, Ghalibaf said Iran’s trading partners "have made it clear that they don't take these statements into account anywhere".

This comes as US Treasury Secretary Scott Bessent threatened countries allowing Iranian money laundering to be removed from the US dollar, claiming that any economic engagement with Iran "will expose those responsible to the full reach of American power".