1 week ago
Iran Says Two-Year Plan Will Counter Expanded US Sanctions
The United States announced more sanctions against Iran.
Sanctions are rules meant to make it harder for a country to do business.
The new US measures target areas such as technology, shipping, aviation, gold and digital assets.
They also threaten companies in several countries that continue doing business with Iran.
Iran’s economy minister said the government has a two-year plan to deal with the pressure.
He said Iran believes the United States will suffer another defeat.
A senior Iranian diplomat said the sanctions suggest that Washington did not achieve its military goals.
The two countries remain in a serious confrontation, with peace efforts stalled.
Iranian Economy Minister Ali Madanizadeh said Tehran has a two-year plan to manage new US sanctions.
Madanizadeh predicted another defeat for the United States and said Iran was prepared for Washington’s measures.
US Treasury Secretary Scott Bessent announced expanded sanctions covering digital assets, technology, gold, aviation and shipping.
The United States also targeted 60 individuals, companies and vessels accused of supporting Iran’s oil revenue, weapons procurement or cyber operations.
Iranian officials said the expanded financial campaign showed Washington had failed to achieve its military aims.
- Who
- Iranian Economy Minister Ali Madanizadeh, US Treasury Secretary Scott Bessent and Iranian Deputy Foreign Minister Kazem Gharibabadi.
- What
- Iran said it has a two-year plan to counter expanded US sanctions, while Washington announced a broader economic pressure campaign.
- Where
- The measures involve Iran and entities in the United Arab Emirates, Hong Kong, China, Singapore and parts of Europe.
- When
- Madanizadeh made his comments on Monday; the report was published on August 25, 2026.
- Why
- The United States said it wants to cut economic support for Iran, while Iranian officials said the sanctions reflect Washington’s failure to achieve its military aims.
Iranian Position
US Position
Effect of sanctions
Iranian Position
Iranian officials said the expanded financial campaign demonstrates that Washington has failed to achieve its military aims and predicted another US defeat.
US Position
The United States said it would sever economic lifelines supporting what Bessent called Iran’s tyrannical regime.
Readiness and response
Iranian Position
Iran said its government had anticipated the measures and prepared a two-year plan to manage them.
US Position
The United States announced broader secondary-sanctions threats against countries and companies that continue doing business with Tehran.
Military and diplomatic outcome
Iranian Position
Deputy Foreign Minister Kazem Gharibabadi argued that the need for what he called the largest financial invasion in history indicates US failure.
US Position
Washington presented intensified economic pressure as a way to isolate Tehran, while the report said peace efforts remained stalled.
Key facts
- Iranian plan
- Economy Minister Ali Madanizadeh said the government has a two-year plan to manage the sanctions.
- US policy
- Scott Bessent described the campaign as seeking the economic asphyxiation of Iran.
- Targeted sectors
- The expanded sanctions threats cover digital assets, technology, gold, aviation and shipping.
- Additional targets
- The United States separately targeted 60 individuals, companies and vessels.
- Geographic reach
- The measures affect entities in the United Arab Emirates, Hong Kong, China, Singapore and parts of Europe.
- Dollar-system warning
- Bessent warned that entities facilitating money laundering for Iran could be removed from the US dollar system.
- Regional context
- The report said the confrontation came nearly six months into a stalemated war, amid stalled peace efforts and Iranian restrictions on traffic through the Strait of Hormuz.
Quotes
Ali Madanizadeh
Iranian Economy Minister
“They have done everything they could to test the determination of the Iranian people and the country’s officials, but they have failed every time. It seems they wished to suffer yet another defeat,”
news18.com
NDTV
“We’ve been waiting for these plans for a long time, and the government is and was ready and has a two-year plan to manage these events,”
news18.com
NDTV
Scott Bessent
US Treasury Secretary
“Around the globe, our objective is to sever every economic lifeline that sustains this tyrannical regime until Tehran stands alone,”
news18.com
Sources
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