Iran to tackle economic issues, says further attacks will be ‘more painful’
Summary
Iran says it will intensify efforts to address economic damage from US sanctions, while warning that any further attacks will face a faster, heavier and more painful response. Tensions remain high as tit-for-tat strikes resume around the Strait of Hormuz and Kharg Island.
Key Points
- Iran says it will focus on reforms and economic management to counter the pressure from US sanctions and oil blockade.
- Parliament Speaker Mohammad Baqer Qalibaf warned that any attack on Iran’s interests and security would be met with a faster, heavier and more painful response.
- Iran plans to announce a restricted zone outside the Strait of Hormuz, and ships entering it could be added to a sanctions list.
- The conflict has disrupted oil flows through Kharg Island and the Strait of Hormuz, with both sides continuing attacks and counterattacks.
