Wednesday, 11 Nov 2026 Breaking: US Commerce Secretary "sent classified memo" on Nvidia CEO's affair: Report
BREAKING: Apple launches AI platform | Tesla earnings beat estimates | Nvidia stock surges | Bitcoin crosses major resistance
World

Enemy wants to compensate for defeat in economic war: Iran's Vice President warns of escalating sanctions, market inflation

Enemy wants to compensate for defeat in economic war: Iran's Vice President warns of escalating sanctions, market inflation

Tehran [Iran], August 17 (ANI): Iran's First Vice President, Mohammad Reza Aref, has warned that external adversaries, specifically the United States and Israel, are shifting their strategy to economic warfare following recent military standoffs, according to Iranian media.
Aref claimed the "enemy" is seeking to offset military setbacks by escalating economic pressure and exploiting domestic inflation to provoke social discontent.
According to Iran's ISNA news agency, Aref made the remarks at a meeting of the Market Regulation Headquarters, where he said Iran remained committed to international law but would not compromise on its rights.
"The Islamic Republic of Iran is law-abiding in the international arena, but it will not compromise on its rights and must protect its achievements in the recent war, including in the area of managing the Strait of Hormuz," Aref said.
"The enemy now wants to compensate for its defeat on the military front in the economic war, and the government must also stand against this approach with appropriate planning," he said.
Aref said Iran could withstand economic pressure through national unity and cohesion, even if the "enemy" had greater resources.
"Although the enemy's resources may be greater in an economic war, the experience of the two recent imposed wars showed that the enemy can be defeated by maintaining national unity and cohesion," he said, urging political and sectional considerations to be set aside in favour of national interests.
Turning to domestic economic conditions, Aref called for intensified market monitoring and strict action against overpricing, underselling and hoarding. "Supervisory and inspection bodies must deal seriously with overpricing, underselling, and hoarding," he said.
Aref said, "Prices have reached a disturbing level," adding that the "enemy's strategy is to use the wave of price increases, and all institutions must come to the fore to counter it."
He said the price surge caused by structural reforms had ended, but its psychological impact needed to be contained.
Aref identified improving people's livelihoods as the top priority of the President and government, with controlling inflation, stabilising the market and maintaining purchasing power for basic goods, particularly among vulnerable groups, among the priorities of the government's next two-year plan.
He also warned of pressure on Iran's economic and social fronts and called for preparations for worst-case scenarios.
"The enemy is active on the economic and social front and seeks to create discontent and social collapse. The government must be prepared for all situations with operational and innovative plans, while preserving social capital," he said.
The statement came as Iranian Parliament Speaker Mohammad Ghalibaf said that Tehran emerged victorious both militarily and politically from what he described as an "unjust war" led by the United States and Israel, state broadcaster Press TV reported on Sunday.
In a post on Telegram, Press TV shared his remarks, in which the Iranian official said that the country stood firm against the "unjust war" led by the US and Israel.
In his remarks, Ghalibaf further noted, "I can say with complete conviction that we truly emerged victorious in this war, both militarily and politically."
His remarks came as US President Donald Trump has consistently claimed of destruction of Iran's military infrastructure.
As per Press TV, Ghalibaf also described the Memorandum of Understanding (MoU) between Iran and the United States as a source of "pride and victory", saying it would help consolidate Iran's success on the diplomatic front.
"The MoU between Iran and the US is a source of pride and victory, helping to consolidate our success on the diplomatic front." (ANI)

Tags

Related News

US Commerce Secretary "sent classified memo" on Nvidia CEO's affair: Report
World
US Commerce Secretary "sent classified memo" on Nvidia CEO's affair: Report

<p>Washington, DC [US], November 11 (ANI): A confidential alarm has been sounded at the highest levels of government. US...

Liberia-flagged tanker carrying 6 Indians seafarers attacked in Persian Gulf, one Indian injured: Sonowal
World
Liberia-flagged tanker carrying 6 Indians seafarers attacked in Persian Gulf, one Indian injured: Sonowal

<p>New Delhi [India], November 11 (ANI): A Liberia-flagged oil tanker carrying six Indian seafarers was hit by a project...

Zelenskyy says meeting with US, Russia "constructive, quite substantive"
World
Zelenskyy says meeting with US, Russia "constructive, quite substantive"

<p>Kyiv [Ukraine], November 11 (ANI): Ukrainian President Volodymyr Zelenskyy said the first day of the two-day trilater...

US Treasury chief Scott Bessent relocates to military base amid Iran threats: Report
World
US Treasury chief Scott Bessent relocates to military base amid Iran threats: Report

<p>Washington, DC [US], November 11 (ANI): US Treasury Secretary Scott Bessent has relocated from his residence to a mil...

"Exoneration of a Patriot": Trump hails defeat of Hegseth's impeachment, democrats vow "just the beginning"
World
"Exoneration of a Patriot": Trump hails defeat of Hegseth's impeachment, democrats vow "just the beginning"

<p>Washington DC [US], November 11 (ANI): US President Donald Trump railed into outgoing Congressman Thomas Massie as th...

Trump hails "exoneration" of Hegseth as House blocks impeachment; calls Rep. Massie "major loser"
World
Trump hails "exoneration" of Hegseth as House blocks impeachment; calls Rep. Massie "major loser"

<p>Washington [US], November 11 (ANI): Following the defeat of the impeachment bid against United States Secretary of Wa...