Fully prepared

Tehran is "fully prepared" for sanctions, Iran's finance minister says

By Mitchell McCluskey

Tehran is “fully prepared” to counter US sanctions targeting countries that maintain ties to Iran, Finance Minister Ali Madanizadeh told the state-run Islamic Republic of Iran News Network (IRINN) on Monday.

United States Treasury Secretary Scott Bessent announced the planned measures during a press conference on Monday as part of what he has dubbed an “economic D-Day” against the regime.

“Apparently, (the US) have now decided to try another failure. We have long been expecting these days and were well aware of the plans they had. The government has a two-year plan and is fully prepared, and has been prepared, for these developments,” Madanizadeh said.

The official accused the US of wanting to “ wage economic terrorism” against Iran.

“We know how to play this game. This time, they should not think our response will be purely defensive and that we will only defend ourselves. They should also expect us to go on the offensive,” he added.