OfficialDiplomacy & politicsTehran, Iran
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)
- Israel National Newsisraelnationalnews.com
- The Times of Israeltimesofisrael.comPublished
- CBS News live updatescbsnews.comPublished
- CBS News live updates (2)cbsnews.comPublished
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