Iran vows devastating response to new US threats
U.S. officials said they will impose unprecedented financial penalties aimed at toppling Iran's leadership, with treasury chief Scott Bessent set to give details on Monday, and president Donald Trump warning of consequences for any country providing lifelines. Iran's armed forces chief warned of broad, crushing responses across land, sea, air, air defence and cyberspace, while parliament speaker Mohammad Baqer Qalibaf urged plans to overcome sanctions. Markets reacted as oil steadied and shipping through the Strait of Hormuz fell sharply, raising risks to global oil flows and to China, which buys more than 80% of Iran's shipped oil.
U.S. sanctions threat risks wider Iran response and oil flow disruptions
Context
The United States has said it will tighten financial pressure on Iran. Iran has threatened wide military and cyber responses. Ship traffic through the Strait of Hormuz has already fallen and could fall further.
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