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Iran vows 'devastating' response as US threatens toughest ever economic hit

Tehran says the sanctions will not force concessions as oil shipments to China slow and Strait of Hormuz traffic falls, Reuters data showed.

  • On Wednesday, President Donald Trump announced a "most crushing economic operation" targeting Iran, threatening "tremendous" consequences for any country providing a "lifeline" to the Islamic republic.
  • Iran's foreign ministry condemned the US sanctions on Thursday, labeling the measures "economic terrorism" and "crimes against humanity" that target every Iranian citizen's human rights.
  • Treasury Secretary Scott Bessent vowed to impose "the toughest sanctions in history," while the US re-designated Lebanon's Hezbollah for serving the Islamic Revolutionary Guard Corps-Quds Force.
  • Oil prices rose to a three-week high on Thursday amid concerns the US-Iran war will disrupt supply, while China's embassy urged diplomatic resolution instead of sanctions.
  • Bessent will share details on the new package at a press conference on Monday as the US-Iran war continues disrupting shipping through the Strait of Hormuz.
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Center

Iran said Friday that its response to any new threats from the US would "be devastating," after Washington committed itself to imposing the most severe financial sanctions in history, in order to overthrow Iranian leadership, reports...

·Bucharest, Romania
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Lean Right

From Tehran condemned Washington’s warning of an unprecedented economic offensive; the Iranian Armed Forces promised a “crushing” response, despite President Masud Pezeshkian’s call to end the war

·Vicente López, Argentina
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Folha de S.Paulo broke the news in São Paulo, Brazil on Thursday, August 20, 2026.
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