Iranian President Hassan Rouhani will address the nation to respond to Donald Trump’s trade tariffs which come into effect on Monday, express.co.uk reported.
He is expected to speak at 9:40pm local time (6:10pm BST).
Iran is facing economic crisis, with the country having struggled in recent months.
Tariffs imposed by the US threaten to strangle the main Iranian trade of oil.
The Islamic Republic News Agency is reporting that the President will talk about “various issues” regarding foreign policy, including President Trump’s tariffs.
Domestic currency and high prices are also expected to feature.
The tariffs have not yet come into effect, but the currency value has already toppled by around half.
Trump administration issued a statement last Monday saying he would be willing
to meet with Tehran.
The invitation came after an all-capped tweet send on July 22 which threatened: ”To Iranian President Rouhani: never, ever, threatens the United States again or you will suffer consequences the likes of which few throughout history have ever suffered before.
“We are no longer a country that will stand for your demented words of violence & death. Be cautious.”
Saturday, the US President said a meeting with Iran is “up to them”.
"If the Iranians demonstrate a commitment to make fundamental changes in how they treat their own people — reduce their maligned behavior, can agree that it's worthwhile to enter in a nuclear agreement that actually prevents proliferation, then the president said he's prepared to sit down and have a conversation with him,” Pompeo said on CNBC on Monday.
He said a summit would only come once the Iranians satisfy certain preconditions, including a willingness to reopen a deal on its nuclear program.
Trump withdrew the US from the Iran nuclear deal last year, just two years after it was agreed by Barack Obama.
The tariffs were in place before the nuclear deal, however, Trump campaigned on the pledge to reimpose tariffs on Iran, calling Obama's nuclear agreement it a "bad deal".
Rouhani has also been called before MPs on Tuesday.
This is the first time Iranian parliamentarians have summoned Mr Rouhani to answer questions.
He has been facing increasing pressure in recent months to reshuffle his Cabinet and top team amid the diplomatic crisis.