Iran has said it is confident it can counter widened US sanctions after Washington announced what it described as an "economic D-Day" against the country to try to isolate it from the global economy.
Iranian Economy Minister Ali Madanizadeh said Tehran was "fully prepared" for the sanctions, which he said would lead to "another defeat" for the US.
Announcing a raft of new measures, US Treasury Secretary Scott Bessent said any nation financially partnering with Iran would be isolated, and that banks and businesses dealing with Iran would share its isolation if they refused to cut ties.
The moves follow U-turns and extended deadlines from the White House in its efforts to end the conflict. Bessent described the measures as "the single greatest financial offensive ever" against Iran, which would "tighten the noose and block every potential source of revenue".
Iran's largest trading partners include China, Turkey and the United Arab Emirates – which announced last week it was halting all trade and financial transactions with Tehran. But hours after the US announcement, Iran said it was confident its trading partners would continue to do business.
Madanizadeh said neither China nor Russia had accepted the US measures, and predicted other countries would resist them. "The government is and was ready and has a two-year plan to manage these events," he told state television, adding Tehran had been "waiting for these plans for a long time".
FULL REPORT AT: https://www.bbc.co.uk/news/articles/c0qxew81y83o
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