US, Iran keep up hostile rhetoric ahead of new sanctions
By Menna AlaaElDin and Kanishka Singh CAIRO/WASHINGTON, Aug 22 (Reuters) - The United States and Iran exchanged defiant messages ahead of Monday's scheduled announcement of new U.S. economic sanctions that could impact the Islamic Republic and Tehran's most important trading partners including China.
The United States and Iran have exchanged defiant messages ahead of the scheduled announcement of new US economic sanctions on Monday. According to US Treasury Secretary Scott Bessent, the planned sanctions aim to topple the Iranian leadership and will be the toughest financial penalties in history.
Iran has warned of a "devastating" response to any new US threats. The chief of staff of Iran's Armed Forces, Major General Ali Abdollahi, said the Islamic Republic's reaction would be broad and decisive, with preparedness across land, sea, air, air defence, and cyberspace.
The new sanctions have raised concerns about tighter oil supply, causing oil prices to rise. The US and Iran have been engaged in a conflict for nearly six months, which has killed thousands of people, drawn in other Gulf nations, and pushed up global fuel prices.
Brief written by urgent.news from Al-Monitor, Investing.com, Arabian Business, New Straits Times — 4 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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