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Iran downplays the impact of new US sanctions, adding new uncertainty to the outlook for Middle East supply

Iran downplays the impact of new US sanctions, adding new uncertainty to the outlook for Middle East supply

智通财经智通财经2026/08/24 11:16
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(1) In response to a new round of economic sanctions set to be announced by the United States on Monday, Iran has publicly downplayed their potential impact, emphasizing that past pressure tactics have proven ineffective. (2) Iranian Foreign Ministry spokesman Esmaeil Baghaei stated that previous rounds of US pressure campaigns failed to achieve their intended goals, and firmly asserted that Iran will maintain a resolute stance in defending its core national interests. (3) The spokesman also accused the Trump administration of misjudging its pressure strategy, arguing that the US mistakenly believed that a combination of military deterrence and economic sanctions could force Tehran into concessions. (4) Previously, Morgan Stanley had significantly postponed its timeline for Middle Eastern supply recovery to 2027, and Iran’s tough rhetoric implies that geopolitical supply risks are unlikely to ease in the short term, providing additional support for oil prices. (5) The market is currently awaiting Washington’s official sanction announcement. If the measures are stronger than expected, the crude oil supply-demand balance, already in deficit, could tighten further, and the risk of Brent oil prices reaching $100 per barrel in the fourth quarter is gradually accumulating.
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