Mideast live: Iran predicts ‘another defeat’ for US after Washington’s new sanctions

Iranian Economy Minister Ali Madanizadeh on Monday warned of “another defeat” for the US after Treasury Secretary Scott Bessent announced expanded sanctions against Tehran. Madanizadeh said Iran had a “two-year plan” to counter the new sanctions and dismissed Bessent’s stated efforts to sever “every economic lifeline” sustaining Iran. Follow our liveblog for the latest updates.