Iran Vows to Counter Widened US Economic Sanctions

Iran has stated that it is fully prepared to counter the widened US economic sanctions, which were announced by Washington as an economic D-Day against the country. Iranian Economy Minister Ali Madanizadeh said Tehran was confident it could counter the sanctions, which he believed would lead to another defeat for the US. The US Treasury Secretary Scott Bessent announced a raft of new measures to isolate Iran from the global economy.

The new measures include isolating any nation that financially partners with Iran, and banks and businesses dealing with Iran will share its isolation if they refuse to cut ties. The moves follow U-turns and extended deadlines from the White House in its efforts to end the conflict. Bessent described the measures as the single greatest financial offensive ever against Iran, which would tighten the noose and block every potential source of revenue.

• The US has announced a raft of new measures to isolate Iran from the global economy.
• Iran has said it is confident it can counter the sanctions, which it believes will lead to another defeat for the US.
• China has said it is firmly opposed to the US sanctions, and will safeguard its own interests.
• The war has led to hikes in global oil prices, and Iran has warned it will shut down all oil exports from the region if the war continues.

Iranian Economy Minister Ali Madanizadeh’s Statement

Madanizadeh said