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Iran's economy minister says Tehran has a two-year plan to weather U.S. sanctions

Mountain Time
Local time
11:11 PM in Tehran
Where
Tehran, Iran

Economy Minister Ali Madanizadeh told state television that the government "has a two-year plan to manage these events" and predicted "another defeat" for the United States after Treasury launched its new sanctions campaign.

Why it matters

Tehran is signalling it can absorb the new pressure, even as the rial hit a record low against the dollar the same day.

Sources (4)

Confidence: Stated by a named government, military, or institution. Not independently confirmed. About confidence labels

Correction

  • Corrected the time from 12:45 AM Tehran time, Aug 25, 2026 to 11:11 PM Tehran time, Aug 24, 2026; corrected the headline (it read "Iran condemns U.S. sanctions and announces two-year economic mitigation plan"); revised the summary; revised the context note; reclassified it from diplomacy to sanctions; updated the sourcing note; added 3 sources: The Times of Israel, CBS News live updates. Why and evidence