Iran says new US sanctions won’t derail economy, has plan for next 2 years

Iran remains resolute in the face of the US Treasury Secretary's announcement of sanctions through "Operation Economic Outcast." Iranian Minister of Economic Affairs Seyed Ali Madanizadeh stated that Tehran has already prepared an economic plan for the next two years. Madanizadeh assured that the country is well-prepared for any additional sanctions.

He acknowledged the impact on the steel and petrochemical industries due to the war, but emphasized that efforts are underway for normalization and reconstruction. The Central Bank of Iran reported that the monthly inflation rate has dropped to around half of what it was the previous month. Over 90% of tax payment obligations were met in 2025, and the government prevented around 600,000 people from losing their jobs through a business operational fund support program.

The Iranian leadership unanimously rejected the US sanctions, with Iranian Speaker of the Parliament Mohammad Bagher Ghalibaf stating that the US lacks the economic capacity to further limit relations with other countries. Deputy Foreign Minister Kazem Gharibabadi dismissed claims that Iran's military strength has been dismantled and that it has suffered the biggest financial blow in history.

Iranian Foreign Ministry Spokesperson Esmaeil Baqaei warned that any escalation of the situation would have consequences. Mohsen Rezaee, the new secretary of Iran’s Supreme National Security Council, announced that countries supporting the sanctions would be seen as an "act of war." The same day the US sanctions were announced, Iran blacklisted 45 tankers and vessels for violating rules of passage in the Strait of Hormuz, including tankers from South Korea, Norway, the Netherlands, and Saudi Arabia.