Key facts
- Iran has a "two-year plan" to counter new US sanctions, according to Economy Minister Ali Madanizadeh.
- Madanizadeh predicted the US would suffer "another defeat" due to the sanctions.
Iran's Economy Minister Ali Madanizadeh stated the country has a "two-year plan" to counter newly announced US sanctions, predicting a "defeat" for the US. Foreign Minister Abbas Araghchi dismissed the sanctions as a "desperate" ploy, while President Masoud Pezeshkian acknowledged the nation faces "many problems."
The statements signal Iran's intent to resist and potentially undermine U.S. sanctions, raising geopolitical tensions and potentially impacting global energy markets and trade routes.
Iran's Economy Minister Ali Madanizadeh announced that the country has developed a "two-year plan" to counteract the impact of new U.S. sanctions, which he predicted would result in another "defeat" for the United States. Madanizadeh stated that Iran has been prepared for such measures and is ready to manage the situation.
These developments follow President Donald Trump's announcement of a new campaign to intensify economic pressure on Iran, described by U.S. Treasury Secretary Scott Bessent as the "toughest sanctions in history." Despite these threats, Iran's foreign minister, Abbas Araghchi, dismissed the sanctions as a "desperate" tactic, asserting that previous U.S. actions have failed. Araghchi urged for respectful dialogue to find a resolution.
President Masoud Pezeshkian acknowledged the significant economic challenges facing Iran, including inflation and unemployment, while vowing to strive for the nation's dignity and pride. Meanwhile, Mohsen Rezaei, the leader of Iran’s supreme national security council, warned regional neighbours against aligning with U.S. efforts to squeeze Tehran's economy. Rezaei threatened to target the interests of any neighbour that joined the "economic war" and indicated that Iran had not yet targeted American economic interests, but would do so if sanctions were imposed.