Iran pledges “devastating” response as U.S. warns of “tough” economic sanctions
Iran vowed on Friday to deliver a “devastating” response to any new U.S. threats, as Washington threatened to slap historically “tough” sanctions on Tehran. According to Iranian media cited by Reuters, the chief of staff of Iran’s Armed Forces said the Islamic Republic would issue a “crushing, punishing” reaction to fresh American financial penalties. Iran’s ...
Iran has vowed to resist foreign interference, as US President Donald Trump threatens new sanctions in an attempt to collapse the Islamic Republic. Iran's parliament speaker, Mohammad Bagher Ghalibaf, speaking at an Arbaeen ceremony, emphasized that history, geography, and shared religious beliefs bind Iran and Iraq together, urging both nations to unite for economic prosperity and development.
Ghalibaf stated that Tehran and Baghdad will not allow foreign governments to decide their futures, and the two countries should focus on joint projects to improve living standards and economic independence. Meanwhile, the US Treasury announced the toughest sanctions in history on Iran, aiming to economically collapse the regime.
Energy prices have been a concern for the Trump administration, as rising costs impact borrowing and oil prices have surged due to Iran's attacks on vessels in the Strait of Hormuz and the Houthi-imposed maritime blockade against Saudi Arabia in the Red Sea. US Treasury Secretary Scott Bessent called for China to support the proposed sanctions, asserting that the nation gains significantly from the Strait of Hormuz's reopening and lower energy prices.
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