Tehran vows strong reaction to looming US sanctions

Iran's foreign ministry said on Monday that Tehran would retaliate forcefully against new US sanctions, including measures targeting countries that cooperate with Washington. The threat comes after weeks of deadlock over the Strait of Hormuz, where the US has not been able to break Iran's control over shipping. Iran's currency also fell to a record low as the US prepares to announce the sanctions.

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The new US sanctions, announced by Treasury Secretary Scott Bessent, aim to cut off Iran's access to the global dollar system, specifically targeting entities that launder money for Tehran. This escalation follows weeks of tension over the Strait of Hormuz, where Iran maintains control over shipping, and coincides with Iran's currency hitting a record low. Iranian Economy Minister Ali Madanizadeh dismissed the measures, claiming Tehran has a prepared two-year strategy to withstand the pressure.

Diplomatic efforts appear strained, as Pakistan's army chief visited Tehran to mediate, though a June memorandum of understanding has not advanced peace talks. Meanwhile, regional incidents continue, including an oil tanker strike off