Iran’s economy minister signals readiness to retaliate against US sanctions, citing support from China and Russia amid escalating tensions.
Iran’s Economy Minister Ali Madanizadeh declared the country is prepared to counter US sanctions, warning adversaries to expect an offensive response. He stated Iran possesses tools to defend its economy and dismissed the effectiveness of US measures, noting China and Russia’s refusal to comply with them.
Madanizadeh’s remarks follow heightened geopolitical tensions, with Iran’s Islamic Revolutionary Guard Corps (IRGC) threatening retaliatory strikes against US interests if Iran’s infrastructure is targeted. The minister’s comments underscore Iran’s defiance amid ongoing economic restrictions.
Markets may monitor developments for potential disruptions in energy supply chains or regional stability, though no immediate market reaction was reported.