Iran Vows to Retaliate After U.S. Expands Economic Sanctions
· World · The Hindu, Reuters
The U.S. Treasury Department announced new economic sanctions targeting 60 individuals, entities, and vessels in a move aimed at cutting off Iran's oil trade. U.S. Treasury Secretary Scott Bessent stated that countries continuing to trade with Tehran risk being forced out of the dollar-based financial system, though the list did not include any Chinese financial institutions. Tehran responded by promising retaliation, with Iranian Economy Minister Ali Madanizadeh asserting that the country is fully prepared for the economic pressure. A spokesperson for the Islamic Revolutionary Guard Corps warned of heavy blows to U.S. vital interests and energy chokepoints if Iranian infrastructure is targeted. The report does not specify the exact timeline for when penalties against third-party countries will take effect.
Why it matters
The expanded U.S. sanctions escalate tensions in the Middle East and threaten global energy markets, directly impacting oil supply routes and trade relationships involving major Asian economies.
Read the original report — The Hindu
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