Iran has threatened retaliation following the United States’ decision to widen economic sanctions against Tehran, with senior officials insisting that the new measures will not easily isolate the country from its major trading partners.
Iranian Parliament Speaker Mohammad Bagher Ghalibaf dismissed the latest US pressure, arguing that Washington was not in a position to further restrict Iran’s economic ties with other nations. He also said Iran’s trading partners had indicated that they would not be swayed by the US statements.
The comments came after US Treasury Secretary Scott Bessent announced measures aimed at cutting off Iran’s economic lifeline. He warned that countries continuing to trade with Iran could eventually face restrictions that would affect their access to the dollar-based financial system.
However, Bessent did not identify the countries that could face such penalties or specify when they would be imposed. The US Treasury Department separately announced sanctions against 60 individuals, entities and vessels.
Notably, the sanctions list did not include Chinese financial institutions suspected of helping facilitate Iran’s oil trade. China remains Iran’s biggest trading partner.
Tehran says it is ready to counter US pressure
Following the US announcement, Ghalibaf said Iran’s partners were not taking Washington’s latest statements seriously.
Iranian Economy Minister Ali Madanizadeh also said Tehran was “fully prepared” to deal with the expanded sanctions. He argued that Iran had developed its own economic tools after years of sanctions and warned that its response could extend beyond defence.
Madanizadeh further said that neither China nor Russia had accepted the US measures and predicted that other countries would also resist Washington’s pressure.
Iran has also warned of possible military retaliation and indicated that it could further reduce oil exports from the Gulf if its infrastructure comes under threat.
Iran warns of attacks on US interests and energy routes
Brigadier General Hossein Mohebbi, a spokesperson for Iran’s Islamic Revolutionary Guard Corps, warned that Iran could deliver heavy blows against US vital interests and energy chokepoints if its infrastructure is threatened.
The warning comes amid continued tensions involving shipping and energy routes in the region. Tehran has previously indicated that it could use its military capabilities and control over strategically important areas to respond to threats.
What is the current situation in the Iran conflict?
The conflict remains unresolved despite a reduction in major strikes in recent weeks. The US administration is continuing to pursue economic pressure against Tehran while also seeking ways to address Iranian attacks on ships in the Gulf and, through its allies, in the Red Sea.
The conflict has placed further pressure on energy markets, while years of US and international sanctions have already caused significant economic difficulties for Iran.
Iran’s conventional military capabilities have also been affected by the conflict. However, Tehran is reported to retain missile and drone capabilities that could threaten Gulf neighbours and shipping through the Strait of Hormuz.
The condition of Iran’s nuclear programme remains unclear, while the US and Israel continue to seek its dismantling.