Minister of Economy and Finance of Iran: Fully prepared to respond to United States sanctions

On the evening of 24 August, local time, the Iranian Minister of Economy and Finance, Madanizad, stated that his Government had long been planning to respond to United States sanctions and was fully prepared to respond to new sanctions. He stated that the world's financial and economic lifeline was not that simple and that the United States could not “completely sever Iran's financial and trade links”. Madanizad stated that if the United States took any action, it should have anticipated a response from Iran. In the afternoon of 24 United States East time, United States Treasury Secretary Besent convened a press conference to announce a number of economic sanctions against Iran to further increase pressure on Iran. According to Becent, the United States is launching an economic offensive against Iran ' s global financial network, with the aim of cutting off all of Iran ' s economic lifelines, with sanctions covering areas such as digital assets, technology, gold, aviation and shipping. (observed)