Iran’s Foreign Ministry has denounced the US move to impose new economic sanctions against Tehran over its ballistic missile program as “cheap and useless,” adding that Tehran will respond with its own sanctions against the Americans, PressTV reported.

Iran "will in turn impose new sanctions against a number of other American persons and entities that have taken hostile steps against the Iranian people and other Muslim nations in the region." 

It was noted that  the name of these new American persons and entities would be announced soon.