US will not achieve its goals by cutting off arteries of Iran's economy: Madanizadeh

Iran's Economy Minister Ali Madanizadeh said Tehran is fully prepared to confront US sanctions, declaring that Washington "will not be able to cut our financial arteries."

"We have been preparing for these days for a long time," Madanizadeh told state television, saying Iran had been aware of American plans and that the government had drawn up a two-year plan in anticipation of the escalation.

He said Iran was "fully prepared to confront the sanctions and American measures," saying that "the era of the unipolar world is over" and that Washington would once again realize it "will not succeed at all."