ERBIL, Kurdistan Region of Iraq – Iran’s foreign ministry on Saturday condemned the latest US economic sanctions against Iran, saying they go beyond Washington’s pressure on Tehran and amount to an attempt to impose its authority on other countries.

“The United States’ declaration of new economic sanctions on Iran is far more than continued unlawful ‘economic warfare’ against a single country. It is an assertion of extraterritorial sovereignty over every independent Member State of the United Nations,” Iranian foreign ministry spokesperson Esmail Baghaei said in a post on X.

US President Donald Trump announced Wednesday that what he called "the MOST CRUSHING ECONOMIC OPERATION EVER TAKEN AGAINST ANY COUNTRY!" would commence against Iran, saying it would involve "Economic Warfare and Isolation on an unprecedented scale."

Trump also warned of economic consequences against any country that provides "any type of lifeline to Iran.”

“Secondary sanctions find no foundation in international law,” Baghaei said, arguing that Washington cannot compel other countries to cut trade with Iran. 

US Treasury Secretary Scott Bessent on Friday urged US allies to support Washington’s efforts to "squash" the Iranian economy, saying the planned pressure campaign would minimize the need for a "large-scale kinetic restart" of the conflict.

Iran has long faced heavy economic pressure from the US, which has sanctioned numerous government-linked entities and Iranian oil exports.

Iranian Parliament Speaker Mohammad Bagher Ghalibaf said Tuesday that any reopening of the Strait of Hormuz would require Washington to unfreeze Iranian assets and permit Iranian oil exports, terms that were included in the short-lived memorandum of understanding that temporarily halted the conflict in June.

The UAE halted all trade and financial dealings with Iran on Tuesday after an alleged Iranian ballistic missile landed within its territorial waters. The Emirates has been among the countries most heavily targeted during the US-Israeli war on Iran.