Skip to content
MarketsIndicesCommoditiesFXRates
Top News

Iran Warns US Economic War Will Boomerang On Washington

Iranian leaders have warned Washington that proposed sanctions will backfire, while threatening to block regional oil exports through the Gulf.

Iran Warns US Economic War Will Boomerang On Washington

Iranian Parliament Speaker Mohammad Bagher Ghalibaf warned the United States on Sunday that an impending economic war involving harsher financial sanctions against Iran will ultimately backfire on Washington.

The warning follows an announcement by United States President Donald Trump last Wednesday that Washington intends to dramatically escalate economic pressure on Tehran by targeting any country that provides financial support to the Iranian economy.

United States Treasury Secretary Scott Bessent is scheduled to brief reporters on Monday regarding the new measures, which he previously described as the toughest sanctions in history.

Writing on the social media platform X on Sunday, Ghalibaf shared a graphic illustrating what he termed the Iranian boomerang to argue that aggressive American trade policies would cause self-inflicted damage to the United States economy.

Ghalibaf questioned potential economic interventions by asking whether American authorities planned to import frozen yields for bonds, frozen homebuyers for housing, or frozen paychecks for wages, concluding that a frozen foreign policy delivers a frozen economy.

Iranian Response and Sanctions History

Iranian state media responded calmly to the threats, with news agency Tasnim observing that Washington has spent years trying to suffocate Iran's economy by severing its global financial ties.

Tasnim reported that the Islamic Republic has learned to bypass American restrictions over time and maintains high capability in navigating foreign financial blockades.

Iranian Foreign Minister Abbas Araghchi stated on Sunday that Washington has conducted an economic war against Iran for years as part of ongoing intimidation tactics, adding that Iranian officials know how to confront such pressure.

The foreign ministry in Tehran oversees international diplomatic relations, while Iran operates as an Islamic republic and a founding member of the Organization of the Petroleum Exporting Countries.

Western powers have repeatedly imposed trade and banking restrictions on Iranian institutions, prompting Tehran to develop alternative commercial channels to sustain foreign trade.

Economic Pressure and Regional Oil Threats

Despite Iran's established network for evading sanctions, the nation's economic growth has faced severe strain in recent years, leaving domestic markets vulnerable to external shocks.

In recent months, Iranian citizens have faced a sharp increase in inflation, leading to rising consumer prices and growing economic difficulty across urban centers.

Mohsen Rezaee, the new head of Iran's national security council, issued a stern warning on state television yesterday to oil-exporting countries across the Middle East.

Rezaee declared that any regional government participating in the American economic campaign would be treated as an enemy, warning that not a single drop of oil from those nations would be permitted to pass through the Persian Gulf.

Rezaee leads the Supreme National Security Council, which formulates defense policies in Tehran, while the strategic waterways of the Persian Gulf carry a vital share of global crude exports.

Forthcoming Announcements and Regional Outlook

Official details regarding the expanded financial restrictions remain undisclosed pending the upcoming briefing by the United States Department of the Treasury.

President Trump did not provide specific targets when announcing the sanctions drive last Wednesday, leaving international trading partners awaiting Monday's formal presentation by Secretary Bessent.

Tehran maintains that its commercial evasion networks will withstand further American pressure, while regional energy markets remain focused on threats against Gulf maritime shipping routes.

Related

Leave a comment

Your email address will not be published. Required fields are marked *