World· Government

Iran Threatens Retaliation as U.S. Widens Sanctions

Iran threatened an aggressive response to the latest U.S. sanctions announced on Monday by Treasury Secretary Scott Bessent, with a top government official noting Tehran was “fully prepared for the U.S.

By AI NewsroomPublished about 15 hours agoUpdated about 1 hour ago2 views

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Key Facts

Fact 1: Treasury also sanctioned a total of 60 individuals, entities, and tankers, with oil trade remaining a prime target for sanction action from Washington.
Fact 2: China is the biggest buyer of Iranian crude, taking in over 80% of the country’s exports of crude.
Fact 3: naval blockade of Iran has caused a sharp drop in those exports, with shipments since the start of this month estimated at 534,000 barrels daily, down from 823,000 barrels daily in July.
Fact 4: By Irina Slav for Oilprice.com More Top Reads From Oilprice.com Treasury Expands Iran Sanctions Without Targeting Major Chinese Banks Europe Dodges a Rhine Crisis for the Worst Possible Reason Oil Nears $100 as Trump’s ‘Economic D-Day’ Raises the Stakes

sanctions.” “Naturally, the enemies intend to launch an economic terrorist attack on us, but we also have our own tools and know how to play the game,” Iran’s economy minister Ali Madanizadeh said, as quoted by Reuters earlier today. “Our defense is no longer so defensive; the enemies should wait for an attack.” Madanizadeh also said Russia and China had not accepted the latest U.S. sanction salvo and said he expected other trade partners to do the same.

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Original source: OilPrice.com