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

Iran’s military chief said forces are ready to answer new U.S. sanctions with broad, decisive retaliation as oil flows to China fall and prices rise.

  • 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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Iran promises response over financial penalties

DUBAI — Iran said Friday that its response to any new U.S. threats would be "devastating" after Washington pledged to impose the toughest financial penalties in history with the aim of toppling the Iranian leadership.

·Missoula, United States
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Lean Left

Iran's government warned that it will respond in a “devastating” manner to U.S. threats to impose harsher new economic sanctions against Tehran. Iran's warning came after Treasury Secretary Scott Bessent announced that the U.S. government is preparing the harshest financial sanctions in its history against Iran. Iran warns the U.S. for new economic measuresScott Bessent, Treasury Secretary, reported that the U.S. is preparing economic sanctions …

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