Iran vows retaliation to Trump’s ‘economic D-Day’ sanctions – what we know

Iran vows retaliation to Trump’s ‘economic D-Day’ sanctions – what we know Maira Butt Tuesday 25 August 2026 09:46 BST Bookmark popover Removed from bookmarks Close popover Iranian finance minister claims Tehran 'fully prepared ​for US sanctions' Iran has threatened retaliation against the United States following President Donald Trump 's announcement of economic D-Day sanctions against Tehran . Iranian economy minister Ali Madanizadeh stated Tehran is fully prepared and warned that its stance is no longer purely defensive. US Defense Secretary Pete Hegseth emphasised that kinetic military strikes in the Strait of Hormuz and around Iran remain an option. US Treasury Secretary Scott Bessent announced fresh secondary sanctions targeting Tehran's trade partners, including an unnamed financial institution. The move comes amid reports of dwindling US military weapons stockpiles after six months of conflict, a claim President Trump has denied. In full Iran-US war latest: Trump unveils ‘economic D-Day’ sanctions as Tehran vows to go on the attack