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Pezeshkian Says U.S. Sanctions Will Achieve Nothing

8/27/2026

Summary

Pezeshkian Rejects Sanctions

President Masoud Pezeshkian said U.S. sanctions will achieve nothing.
He met at Iran’s Central Bank reviewing monetary and foreign-exchange indicators with Economy Minister Ali Madanizadeh and Abdolnaser Hemmati.
He said Iran’s economic sectors have anticipated measures to counter the new U.S. pressure.
He stressed Iran will stay firm while seeking dialogue and negotiation to resolve issues.

Summary

Iran-Oman Corridor

Iran and Oman discussed a corridor to reopen the Strait of Hormuz for commercial ships.
Revolutionary Guards said Iran and Oman would share revenues from managing the strait.
Treasury Secretary Scott Bessent announced secondary sanctions on Iran’s digital assets, technology, gold, aviation and shipping.
Israeli Prime Minister Benjamin Netanyahu dismissed any deal, calling Iran’s leaders “savages”.
Omani Foreign Minister Badr Albusaidi said Oman hopes to announce the corridor with Iran.

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Pezeshkian Rejects Sanctions

President Masoud Pezeshkian said U.S. sanctions will achieve nothing.
He met at Iran’s Central Bank reviewing monetary and foreign-exchange indicators with Economy Minister Ali Madanizadeh and Abdolnaser Hemmati.
He said Iran’s economic sectors have anticipated measures to counter the new U.S. pressure.
He stressed Iran will stay firm while seeking dialogue and negotiation to resolve issues.

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