00:02Iran says it is ready to weather the new wave of U.S. sanctions as the Trump administration threatens to
00:09squeeze not just Tehran, but countries and companies that keep doing business with it.
00:14Treasury Secretary Scott Besant on Monday unveiled new sanctions targeting digital assets, gold, aviation, technology and shipping, part of what
00:23the administration is calling Operation Economic Outcast.
00:26Besant also warned countries and companies that continue doing business with Iran that they could face penalties of their own,
00:34including being cut off from the U.S. dollar system.
00:37Iran says it has been preparing for the new sanctions for a long time and is ready to face them.
00:43The new restrictions also reach into daily life, affecting some money sent from the United States to family members in
00:49Iran, while sports and academic exchanges have been suspended.
00:53And the U.S. is tightening the screws on the Strait of Hormuz.
00:56Vessels and companies that comply with Iranian demands for information while traveling through the Strait could now face U.S.
01:03penalties, on top of existing penalties for paying Iranian tolls.
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