Iran vows retaliation against new US economic sanctions
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Scott Bessent (US Treasury Secretary), Ali Madanizadeh (Iranian Economy Minister)
Iran, United States
August 24, 2026
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COMPAMIR Editorial Team
The COMPAMIR editorial team brings together public reporting and links to the original coverage. We update the page as new information emerges.
Read our editorial policy- Earlier version 18/25/2026, 8:20:18 AM
US Treasury Secretary Scott Bessent announced new sanctions on 60 individuals, entities, and vessels. Iran threatened military response and further reduction in oil exports. Oil prices fell despite the geopolitical tension.
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