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Iran VP: US 'economic terrorism' won't break people's will

Created at 22 Aug · 6:21 PM1 source↑ Market-relevant
IN SHORT

Iran's First Vice President Mohammad Reza Aref stated that the U.S. government's "economic terrorism" will not undermine Iran's economic stability or people's livelihoods. His remarks followed President Donald Trump's announcement of new, stringent sanctions against Tehran.

Key Numbers

14 yearsprevious US pressure campaigns
50 yearsnear-continuous economic sanctions since Islamic Revolution
80%of Iran's shipped oil bought by China

Who's Involved

Mohammad Reza Aref
Iran's First Vice President
Donald Trump
US President announcing new sanctions
Abbas Araghchi
Iran's Foreign Minister reacting to sanctions
Maj. Gen. Ali Abdollahi
Chief of staff of Iran’s Armed Forces
Mohammad Bagher Ghalibaf
Iranian Parliament Speaker
Scott Bessent
US Treasury chief
Iran VP: US 'economic terrorism' won't break people's will

↳ Why This Matters

The escalating rhetoric and imposition of severe sanctions by the U.S. against Iran highlight ongoing geopolitical tensions and the potential for significant economic repercussions for Iran and any entities engaging with it, while Iran vows a strong response.

Key facts

  • Iran's First Vice President Mohammad Reza Aref stated that the U.S. government's 'economic terrorism' will not undermine Iran's economic stability or people's livelihoods.
  • Aref asserted that economic pressure cannot change the Iranian people's resolve and would instead produce the opposite effect.
  • President Donald Trump announced new, stringent sanctions against Tehran, calling them the 'most crushing economic operation' ever against a country.
  • Trump warned that countries maintaining economic engagement with Iran would face consequences.
  • Iran's Foreign Ministry condemned the sanctions as 'economic terrorism' and 'crimes against humanity'.
  • Iran's Armed Forces chief of staff vowed a 'broad and decisive' response to new U.S. threats.

Iran's First Vice President Mohammad Reza Aref stated on Saturday that the U.S. government's "economic terrorism" will not undermine Iran's economic stability or people's livelihoods. He asserted that the experience of the Islamic Revolution shows economic pressure cannot change the Iranian people's resolve and would instead produce the opposite effect.

Aref's remarks followed U.S. President Donald Trump's announcement of new, stringent sanctions against Tehran, which Trump described as the "most crushing economic operation" ever taken against any country. Trump also warned that countries maintaining economic engagement with Iran would face severe consequences.

Iran's Foreign Ministry condemned the new round of U.S. economic sanctions, calling them "economic terrorism" and "crimes against humanity." The ministry stressed that Washington's reliance on economic sanctions and military aggression risks global peace and security.

The chief of staff of Iran’s Armed Forces, Maj. Gen. Ali Abdollahi, stated that the Islamic Republic's reaction to new U.S. threats would be "broad and decisive." Parliament Speaker Mohammad Bagher Ghalibaf accused the U.S. and Israel of resorting to economic and "cognitive" warfare.

U.S. Treasury chief Scott Bessent commented that the measures should not drive up oil prices, suggesting that maximum economic pressure would likely mean no large-scale kinetic restart. Iran has weathered near-continuous sanctions for nearly 50 years since the 1979 Islamic Revolution.

Frequently asked questions

Mohammad Reza Aref stated that the U.S. government's 'economic terrorism' will not undermine Iran's economic stability or people's livelihoods, and that economic pressure cannot change the Iranian people's resolve.

President Trump announced new, stringent sanctions against Iran, describing them as the 'most crushing economic operation' ever taken against a country and warning of consequences for those engaging with Tehran.

The ministry condemned the sanctions as 'economic terrorism' and 'crimes against humanity,' stating they would not cause hesitation in safeguarding Iran's independence and dignity.

The chief of staff of Iran’s Armed Forces vowed that Iran's armed forces would respond to new threats with 'crushing, punishing and devastating responses.'

What Happens Next

01US Treasury chief Scott Bessent promised details on Monday regarding the new sanctions.

How It Developed

US President Donald Trump announced new sanctions against Iran.
Trump described the sanctions as the 'most crushing economic operation' ever against a country.
Iran's First Vice President Mohammad Reza Aref stated that the U.S. government's 'economic terrorism' will not undermine Iran's economic stability or people's livelihoods.
Aref added that economic pressure cannot change the Iranian people's resolve and would produce the opposite effect.
Iran's Foreign Ministry condemned the sanctions as 'economic terrorism' and 'crimes against humanity'.
Iran's Armed Forces chief of staff stated the Islamic Republic's reaction would be broad and decisive.
Iranian Parliament Speaker Mohammad Bagher Ghalibaf accused the U.S. and Israel of economic and 'cognitive' warfare.
US Treasury chief Scott Bessent commented that the measures should not drive up oil prices.

Sources

T1
US 'economic terrorism' will not break people's will: Iranian Vice PresidentMiddle East Eye
T2
Iran vows ‘devastating’ response as U.S. threatens toughest ever economic hitnbcnews.com
T2
US economic terrorism cannot change Iranian peoples resolve: VPpresstv.co.uk

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