Iran announces a two-year plan to cope with the sanctions imposed by the USA

Iran claims it is prepared to face the "Economic Day X" announced by the United States and asserts that it has a two-year plan to counteract the expansion of American sanctions. The Minister of Economy, Ali Madanizadeh, says that Tehran has its "own tools" to withstand economic pressures and believes that the new measures will represent a new "setback" for the US, according to the BBC cited by Digi24.

The statements come after US Treasury Secretary Scott Bessent announced the launch of "the largest financial offensive in history" against Iran. Washington intends to sever economic ties with Tehran and warns that states that continue to collaborate with Iran risk being isolated.

Bessent also announced that the Treasury Department will implement restrictive measures targeting five sectors: digital assets, technology, gold, aviation, and maritime transport. Furthermore, he mentioned the imposition of sanctions against nearly 60 entities, individuals, and vessels.

These measures will limit the sources of income for the Islamic Revolutionary Guard, says Scott Bessent.

In response, Iran warned that it would halt oil exports from the region if the war continues and has prohibited vessels from passing through the Strait of Hormuz without authorization, according to Reuters cited by Digi24.

Although the sanctions are severe, economist David Oxley questioned their effectiveness, emphasizing that most Iranian oil is exported to China, which does not recognize the sanctions.