Iran says US sanctions will achieve nothing

Iran's president insisted on Wednesday that the United States would achieve nothing with its new sanctions campaign after Washington laid out plans to collapse the country's economy. Almost six months into their war, the two sides are locked in a stalemate, with Iran keeping the key Strait of Hormuz shut and Washington persisting with a naval counter-blockade of Iran. "America will not achieve anything with economic pressure at this stage, just as it was unable to achieve anything in the war," Iranian President Masoud Pezeshkian said Wednesday, according to the country's ISNA news agency. "We will stand firm against economic pressures, as we have done so far and will continue to do."