Iran vows to retaliate after US widens sanctions

Iran has promised to retaliate against new U.S. economic sanctions, which Washington claims will cut off the country's economic lifeline. Tehran, however, expressed confidence that key trading partners would defy the U.S. pressure campaign.

U.S. Treasury Secretary Scott Bessent unveiled the measures, which target 60 individuals, entities, and vessels. While stopping short of the most severe sanctions, Bessent warned that countries continuing to trade with Iran risked exclusion from the dollar-based financial system. He declined to name specific countries or when penalties would take effect, suggesting a compliance period.

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We are fully prepared for the U.S. sanctions. Naturally, the enemies intend to launch an economic terrorist attack on us, but we also have our own tools and know how to play the game. Our defence is no longer so defensive; the enemies should wait for an attack.

Iranian officials responded assertively. Economy Minister Ali Madanizadeh stated, "We are fully prepared for the U.S. sanctions." He added, "Our defence is no longer so defensive; the enemies should wait for an attack." Madanizadeh also indicated that China and Russia had not accepted the U.S. measures and predicted broader international resistance. Brigadier General Hossein Mohebbi of the Islamic Revolutionary Guard Corps vowed significant repercussions for U.S. vital interests and energy chokepoints if Iran's infrastructure faced threats.

The U.S. administration, grappling with an unpopular war that has driven up energy prices, appears to be relying on increased economic pressure. This strategy persists despite decades of sanctions that have strained Iran's economy but not deterred its leadership. While major strikes have been infrequent, diplomatic solutions remain elusive. The U.S. is seeking ways to curb Iranian attacks on shipping in the Gulf and Red Sea, amidst ongoing regional instability.

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Our defence is no longer so defensive; the enemies should wait for an attack.