US Treasury Secretary Scott Bessent announces sweeping new sanctions on Iran
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US Treasury Secretary Scott Bessent announces sweeping new sanctions on Iran
Mohammad Bagher GhalibafHossein MohebbiScott BessentAli MadanizadehUS Treasury DepartmentIslamic Revolutionary Guard Corps

Iran says it is 'fully prepared' and threatens retaliation as US widens sanctions; Treasury targets 60 entities, excluding Chinese banks

Iran has vowed retaliation against the U.S. following new sanctions targeting 60 entities, with officials claiming the U.S. lacks the economic power to enforce further restrictions. Iranian leaders assert they are 'fully prepared' and threaten military responses if their infrastructure is jeopardized.

NDTV25 August 2026 · 02:18 UTC
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Iran has reacted strongly to the U.S. Treasury's announcement of new sanctions targeting 60 entities, claiming it is 'fully prepared' for any economic measures.

Iranian Parliament Speaker Mohammad Bagher Ghalibaf dismissed the sanctions, stating, "Americans know that no one buys their bombast; the United States is not in an economic position to further restrict its relations with other countries."

The sanctions, aimed at cutting off Iran's economic lifeline, notably excluded Chinese banks, which are crucial to Tehran's oil trade.

Economy Minister Ali Madanizadeh emphasized Iran's readiness, asserting, "Naturally, the enemies intend to launch an economic terrorist attack on us, but we also have our own tools and know how to play the game."

He warned that Iran's defense strategy has shifted from being defensive to offensive, indicating potential military responses.

Brigadier General Hossein Mohebbi of the Islamic Revolutionary Guard Corps threatened "heavy blows to US vital interests and energy chokepoints" if Iran's infrastructure is threatened.

The Iranian leadership has also indicated a willingness to reduce oil exports from the Gulf in response to U.S. actions, further escalating tensions in the region.

Key Insight
“Ghalibaf dismissed the measures, saying 'no one buys their bombast,' while Economy Minister Madanizadeh warned of an 'economic terrorist attack' and said 'the enemies should wait for an attack.' IRGC General Mohebbi vowed heavy blows to US interests if Iran's infrastructure is threatened.”
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“Taking to social media, Iranian Parliament Speaker Mohammad Bagher Ghalibaf downplayed the impact of new US restrictions, claiming Washington is in no economic position to further restrict its relations with other nations.”
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