Iran Vows Retaliation After US Expands Sanctions

Iran vowed retaliation after the U.S. expanded economic sanctions on Monday, with Tehran expressing confidence major trading partners would resist Washington's pressure campaign. Treasury Secretary Scott Bessent announced sanctions on 60 individuals, entities and vessels but stopped short of targeting Chinese banks, saying countries continuing trade with Iran risked exclusion from the dollar-based financial system. Iran's economy minister called the measures an "economic terrorist attack" and warned of counteractions. The U.S. seeks new ways to end Iranian attacks on ships in the Gulf and Red Sea amid a prolonged conflict that has killed thousands. Oil prices fell despite the announcement, while Pakistan's army chief visited Tehran on a peace mission.