Iran vows to retaliate after US widens sanctions

CAIRO: Iran promised to retaliate against expanded US economic sanctions that the Americans said would cut off Iran's economic lifeline, with Tehran expressing confidence that major trading partners would resist Washington's pressure campaign.US Treasury Secretary Scott Bessent unveiled the measures on Monday (Aug 24) but stopped short of the most punishing sanctions, saying countries that continued trading with Iran risked being forced out of the dollar-based financial system.Bessent declined to identify the countries that would be targeted or reveal when those penalties would take effect, saying he would instead provide them time to comply with the new directive. The Treasury Department did announce new sanctions on 60 individuals, entities and vessels, but the list did not include any o