Iran Vows 'Devastating' Response to US Threat to Cut Off Its Economic Lifelines

By Jana Choukeir, Eman Abouhassira and Susan Heavey

DUBAI/WASHINGTON, Aug 21 (Reuters) – Iran said on 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.

U.S. Treasury chief Scott Bessent said he would give details on Monday of the planned sanctions, which follow a warning from President Donald Trump of economic consequences against any country that provided “any type of lifeline to Iran.”

The chief of staff of Iran’s Armed Forces, Major General