Iran vows 'devastating' response as US threatens toughest ever economic hit
- Posted on August 21, 2026
- By Business News Today
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- 1 min read
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Iran vows 'devastating' response as US threatens toughest ever economic hit
Iran warns of devastating retaliation against new United States sanctions. United States Treasury chief Scott Bessent plans the toughest financial penalties ever. These measures aim to collapse the Iranian leadership and its regime. Oil prices steadied amid concerns over Gulf energy exports and shipping. China stated that sanctions and pressure do not help resolve problems.
