Iran vows to retaliate against new U.S. sanctions

Open this photo in gallery:Banners with pictures of the late Supreme Leader of Iran, Ayatollah Ali Khamenei, are displayed on a street in Tehran on Aug. 22.Majid Asgaripour/ReutersIran promised to retaliate against expanded U.S. sanctions that the Americans said would cut Iran’s economic lifeline, with Tehran expressing confidence that major trading partners would resist Washington’s pressure campaign. U.S. Treasury Secretary Scott Bessent unveiled the measures on Monday 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 the penalties would take effect, saying he would instead give them time to comply