US Economic War Will Fail, Says Iranian President Pezeshkian

Iranian President Masoud Pezeshkian declared that the United States' economic war against Tehran will fail, asserting that Washington will not achieve its objectives through financial pressure. His remarks came days after the US launched a new campaign of sanctions against Iran.

Pezeshkian delivered his assessment during a three-hour session at the Central Bank of Iran, where he addressed the nation's monetary, foreign exchange, and financial metrics. He highlighted the compounding strains of war, economic blockades, and external pressure, underscoring the critical need to maintain economic stability and control inflationary expectations. He stressed that stabilizing core markets, particularly foreign exchange and monetary systems, requires seamless coordination between the government, the Central Bank, and other economic bodies.

"Our approach is understanding and resolving issues through interaction and negotiation, but at the same time, we have stood and will continue to stand firmly against economic pressure," Pezeshkian stated. He recalled that Washington failed to achieve its aims during wartime due to the resilience of Iran's armed forces and public support, asserting that the US would similarly "gain nothing" from its current financial squeeze tactics.

On Monday, the US administration initiated "Operation Economic Outcast," an extensive sanctions blitz aimed at isolating Iran from global financial networks. US Treasury Secretary Scott Bessent explained that the new penalties target key sectors of the Iranian economy, including aviation, maritime shipping, gold markets, technology, and digital assets. The sanctions blacklist over 60 entities, individuals, and vessels, with the stated aim of severing Iran's economic lifeline through "economic strangulation."

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Our approach is understanding and resolving issues through interaction and negotiation, but at the same time, we have stood and will continue to stand firmly against economic pressure.