Iran has a 'two year plan' to counter sanctions, economic minister says

Iranian Economy Minister Ali Madanizadeh said that the country has a "two-year plan" to counter new US sanctions announced on Monday, predicting the US will suffer "another defeat" as a result. "They have done everything they could to test the determination of the Iranian people and the country's officials, but they have failed every time. It seems they wished to suffer yet another defeat," Madanizadeh told state television. "We've been waiting for these plans for a long time, and the government is and was ready and has a two-year plan to manage these events," he added.