Iran says trade with neighbors growing despite US economic pressure

Detailed summary

Iranian Economy Minister Ali Madanizadeh dismissed Washington's threats of further economic sanctions, saying trade with neighboring countries was expanding despite US pressure.

Iranian Economy Minister Ali Madanizadeh dismissed Washington's threats of further economic sanctions, saying trade with neighboring countries was expanding despite US pressure.

Responding to recent remarks by US Treasury Secretary Scott Bessent on Saturday, Madanizadeh said American economic threats would prove ineffective and were intended to increase pressure on Iran.

He said all border crossings remained open and trade with neighboring countries was growing. He also said the value of Iranian exports had increased relative to their volume, indicating a shift toward higher-value products.

Madanizadeh added that imports of essential goods were being maintained and sufficient supplies were available in warehouses.

Opening of the article, excerpted from Iran International. To read the rest, open the article on the publisher's site.