Tehran, Aug. 17 -- Iran's First Vice President, Mohammad Reza Aref, has warned that external adversaries, specifically the United States and Israel, are shifting their strategy to economic warfare following recent military standoffs, according to Iranian media.

Aref claimed the "enemy" is seeking to offset military setbacks by escalating economic pressure and exploiting domestic inflation to provoke social discontent.

According to Iran's ISNA news agency, Aref made the remarks at a meeting of the Market Regulation Headquarters, where he said Iran remained committed to international law but would not compromise on its rights.

"The Islamic Republic of Iran is law-abiding in the international arena, but it will not compromise on its right...