Iran to tighten control over the market and prices amid "economic war" with the U.S.

Iran's First Vice President Mohammad Reza Aref said that the United States is trying to compensate for its military failures by exerting economic pressure on Iran.

However, according to him, the Islamic Republic can overcome the "economic war" just as it dominated on the battlefield.

This was reported by the IRNA news agency. "The enemy now wants to compensate for its defeat on the military front through economic war, and the government must resolutely counter this approach using proper planning," the vice president said at a meeting of the market regulation headquarters.

Aref emphasized that the administration had governed the country under the difficult conditions of war, acting in a united and coordinated manner. He added that although the enemy may have greater resources in the economic war, the experience of the two recent wars waged against Iran proved that maintaining national unity and cohesion can lead to victory over the enemy. "In such circumstances, it is necessary to set aside factional, political, and party views for the sake of national interests," he noted.

The vice president also stressed the need to strengthen control over the market, calling on regulatory and inspection bodies to take serious measures against price gouging, short weighting, and hoarding of stocks.

In June, Washington and Tehran announced a memorandum of understanding brokered by Pakistan, which was aimed at ending military operations on all fronts, including Lebanon, resuming operations in the Strait of Hormuz, and lifting the naval blockade of Iran. However, in July, Washington resumed strikes on various Iranian targets, accusing Iran of shelling ships in the Strait of Hormuz. In response, Iran struck American targets in the Middle East. In recent weeks, the parties have been holding indirect talks to reach an agreement.