The Iranian president warned of "destructive countermeasures" in response to the strengthening of economic sanctions against the United States, arguing that Iran currently holds the upper hand and calling for an end to the war. The Iranian Foreign Ministry characterized the US action as "economic terrorism," and the Iranian military announced that it is prepared in all areas. The speaker of the Iranian parliament stated that the US economic sanctions are a result of its judgment that a military victory is impossible, and proposed strengthening economic ties between Iran and Iraq to reduce dependence on the US dollar.