Iran Threatens Devastating Response to New US Sanctions as Oil Rises on Supply Fears
Updated
Updated · Yahoo! Voices · Aug 21
Iran Threatens Devastating Response to New US Sanctions as Oil Rises on Supply Fears
3 articles · Updated · Yahoo! Voices · Aug 21
Summary
Iran said any new U.S. sanctions would trigger a "crushing" and "devastating" military response, with armed forces chief Ali Abdollahi citing readiness across land, sea, air, air defense and cyberspace.
Monday is the next flashpoint: Treasury Secretary Scott Bessent said he will unveil the "toughest financial penalties in history" after Trump threatened countries offering Iran "any type of lifeline."
Oil futures rose Friday on expectations the measures could tighten supply, while Tehran still retains enough missile and drone capacity to disrupt tanker traffic through the Strait of Hormuz.
China buys more than 80% of Iran's shipped oil, according to Kpler's 2025 data, and Beijing rejected more pressure, warning sanctions would not solve the conflict.
Nearly 6 months into the war, Trump has not met goals such as dismantling Iran's nuclear program, while higher fuel prices have dragged his approval to a term low in a Reuters/Ipsos poll.