Iran War Reaches Stalemate as Washington Imposes New Sanctions

The Iran war has reached its endgame - a costly stalemate. Six months after US and Israeli forces attacked Iran, killing its supreme leader and maiming his son and successor, the Iranian government is under economic siege but still holds power.

Tehran believes it has time on its side as it waits for Washington to take the final step to break the stalemate by aggressively enforcing secondary sanctions on countries keeping its economy afloat, foremost among them China and India.

The US Treasury Secretary Scott Bessent said the administration will cut off financial lifelines sustaining Iran's economy while a US-led naval blockade restricts Tehran's oil exports and access to hard currency.