1 week ago
Iran Rejects Trump’s Sanctions Threat as Economic Warfare Backfire
The United States threatened to impose very tough new economic sanctions on Iran.
Donald Trump called the plan economic warfare and asked other countries to isolate Iran.
Scott Bessent said more details would be announced at a Monday media conference.
Iran’s leaders rejected the threats and said sanctions were not new.
Mohammad Bagher Ghalibaf joked that the pressure could come back like a boomerang.
Other Iranian officials said the United States was using economic pressure because earlier efforts had failed.
They also said Iran had plans to reduce the effects of sanctions.
One Iranian official said sanctions had lasted 20 years, while another said they had lasted 47 years.
The reports did not resolve this difference.
Iranian Parliament Speaker Mohammad Bagher Ghalibaf mocked proposed US sanctions as a boomerang that could harm Washington.
US President Donald Trump described the campaign as unprecedented economic warfare and isolation against Iran.
US Treasury Secretary Scott Bessent warned of the toughest sanctions in history and urged allies to isolate Tehran.
Iranian officials said sanctions and economic warfare were familiar, claiming Iran had strategies to counter their effects.
Iranian statements differed on the duration of sanctions, citing either 20 years or 47 years of restrictions.
- Who
- The United States, represented by Donald Trump and Scott Bessent, threatened new pressure on Iran; Iranian officials including Mohammad Bagher Ghalibaf, Esmaeil Baghaei, Seyed Abbas Araghchi and Sardar Mohebi rejected it.
- What
- Washington threatened an expanded sanctions and economic-isolation campaign, while Iran condemned the move and said it could counter the effects.
- Where
- The dispute concerns US pressure against Iran, with Iranian comments reported from Tehran and by Iranian state broadcaster IRIB.
- When
- The statements were reported on Sunday, after Trump’s comments; Bessent said further details would be announced on Monday, August 24.
- Why
- The United States said the measures would isolate Iran and weaken its ability to project influence; Iranian officials said the campaign was familiar and would ultimately backfire.
Iranian officials
US officials
Purpose and likely effect
Iranian officials
Iranian officials said the sanctions threat was a recurring tactic, reflected US desperation and could backfire like a boomerang.
US officials
US officials described the campaign as unprecedented economic warfare intended to isolate Iran and weaken its global influence.
Iran’s ability to respond
Iranian officials
Iranian officials said the country had counter-strategies, could manage economic interference and would continue establishing international economic relations.
US officials
The US administration indicated it could impose additional severe measures and called on allies to join the isolation campaign.
Military versus economic pressure
Iranian officials
Sardar Mohebi argued that relying on economic warfare amounted to an admission that Washington had been defeated militarily.
US officials
US statements in the reports focused on economic pressure and did not accept the Iranian characterization of military defeat.
Key facts
- US campaign
- Donald Trump called the planned measures “Economic Warfare and Isolation on an unprecedented scale.”
- Sanctions warning
- Trump said the United States had “very draconian sanctions” available against Iran.
- Treasury position
- Scott Bessent warned of the “toughest sanctions in history” and said Washington would pursue coordinated economic isolation.
- Iranian response
- Mohammad Bagher Ghalibaf portrayed the sanctions as a boomerang that could damage the country imposing them.
- Iranian preparedness
- Sardar Mohebi said Iran had a scenario for every hostile action and could reduce the effects of economic warfare.
- Reported sanctions duration
- Esmaeil Baghaei said Iran had been under sanctions for 20 years, while Mohebi said economic warfare had continued for 47 years.
- Expected announcement
- Bessent said a media conference on Monday, August 24, would disclose the US administration’s next steps.
Quotes
Mohammad Bagher Ghalibaf
Speaker of Iran’s Parliament
“Importing frozen meat to fix meat prices. Okay, that might work. What's the plan for bonds, import frozen yields? Frozen homebuyers for housing? Frozen paychecks for wages? A frozen foreign policy delivers a frozen economy. The only thing still moving? The Iran boomerang.”
deccanchronicle.com
“The US President says that he has ordered economic warfare and has launched the most severe economic war against Iran. This is a tacit admission of the enemy's humiliating defeat in the military arena.”
deccanchronicle.com
Sources
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