Iran vows to retaliate after US widens sanctions
The Treasury imposed new sanctions on 60 people, companies and vessels, while Iran said it would respond and warned trading partners of consequences.
- On Monday, Treasury Secretary Scott Bessent unveiled new sanctions targeting 60 individuals, entities, and vessels linked to Iran, though the measures excluded Chinese financial institutions suspected of facilitating Iranian oil trade.
- The administration of President Donald Trump aims to pressure Iran's economy to curb regional attacks, despite Tehran having endured decades of sanctions that battered its economy without deterring its leadership.
- Iranian Economy Minister Ali Madanizadeh stated, "We are fully prepared for the U.S. sanctions," while the Islamic Revolutionary Guard Corps threatened "heavy blows" to U.S. interests if Iranian infrastructure faces threats.
- Pakistani army chief Asim Munir visited Iranian President Masoud Pezeshkian in Tehran on Monday, where Pezeshkian urged the United States to "correct its tone and approach," warning that coercion complicates diplomatic processes.
- Washington remains wary of Chinese retaliation ahead of expected talks next month between Trump and Chinese President Xi Jinping, prompting Treasury Secretary Bessent to avoid immediate penalties on Chinese banks to allow time to sever ties.
60 Articles
60 Articles
Iran vows retaliation after widened US sanctions
Iran threatened to retaliate after the Trump administration on Monday unveiled a new effort to isolate the Islamic Republic from the global economy and ramp up pressure to bring the nearly six-month-long war to a close and reopen the Strait of Hormuz. Treasury Secretary Scott Bessent shared few details about “Operation Economic Outcast” in highly…
Iran Vows Retaliation After U.S. Widens ‘Economic D-Day’ Sanctions
Motorists drive past an anti-U.S. billboard in Tehran on August 24, 2026. —AFP––Getty ImagesIran has pledged to “attack” the U.S. financially after Washington unveiled a sweeping set of sanctions as part of ‘Economic D-Day', an attempt to further isolate Tehran and curb its access to the global financial system as the war between the two countries drags on. Treasury Secretary Scott Bessent unveiled the measures as part of President Donald Trump…
Iran Vows to Retaliate After US Rolls Out ‘Economic D-Day’ Sanctions
Iran has promised to retaliate against the United States after Washington rolled out an “economic D-Day” sanctions blitz aimed at choking the regime and its supporters. The latest escalation happened on Aug. 24 after Treasury Secretary Scott Bessent announced “Operation Economic Outcast” to sever Tehran’s economic lifelines, including imposing consequences on Iran’s trade partners. In response, Iranian Economy Minister Ali Madanizadeh said on …
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