US Imposes New Sanctions on Iran, Iranian Finance Minister Says Ready

TechFlow reports that on August 25, according to JinsData, on the afternoon of August 24 Eastern Time, U.S. Treasury Secretary Bessent held a press conference and officially announced a series of economic sanctions against Iran. The U.S. explicitly stated that it will launch an economic offensive targeting Iran’s global financial network, aiming to completely sever its economic lifelines. The sanctions will broadly cover key areas such as digital assets, technology, gold, aviation, and shipping.

In response to U.S. pressure, Iran’s Minister of Economic Affairs and Finance Madanizadeh responded that evening. He reiterated that the Iranian government has long been planning to counter U.S. sanctions and is now fully prepared, pointing out that the global financial system is not dominated by a single entity and that the U.S. cannot completely cut off Iran’s financial and trade connections. Madanizadeh also warned that if the U.S. continues its actions, it will inevitably face firm retaliation from Iran.