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Iran has stated that it is confident in its ability to counter the expanded U.S. sanctions, following Washington's announcement of what it termed an "economic D-Day" aimed at isolating the country from the global economy. Iranian Economy Minister Ali Madanizadeh expressed that Tehran is "fully prepared" for the sanctions, which he believes will result in "another defeat" for the U.S.
U.S. Treasury Secretary Scott Bessent announced a series of new measures, warning that any nation financially partnering with Iran would face isolation, and that banks and businesses dealing with Iran would share in that isolation if they did not sever ties. He described the measures as "the single greatest financial offensive ever" against Iran, aimed at tightening the noose around its revenue sources.
Some economists have questioned the effectiveness of the latest sanctions, noting that their success depends on the reactions of Iran's trading partners, particularly China, the largest buyer of Iranian oil, which has previously ignored U.S. sanctions. Iran has expressed confidence in continuing trade with other nations, with Madanizadeh asserting that neither China nor Russia has accepted the U.S. measures and predicting resistance from other countries. He stated that the Iranian government had prepared a two-year plan to manage these developments.