US-Iran war news LIVE: Tehran's central bank governor says it has enough foreign currency despite US sanctions
Tensions between the US and Iran have escalated following renewed military strikes, impacting global oil prices and economic stability. While the US threatens further pressure, Iranian officials claim the country maintains sufficient foreign currency reserves to withstand sanctions.
Why it matters
The ongoing conflict in the Middle East poses a direct threat to global energy security and international market stability.
US-Iran war news LIVE: Iran has sufficient foreign currency reserves despite US sanctions, Central Bank Governor Abdolnaser Hemmati said on Tuesday, after US Treasury Secretary Scott Bessent said Tehran was lashing out because it was losing the economic war.Pezeshkian says Iran will reciprocate if US honours interim dealIran's President Masoud Pezeshkian said Tuesday that Tehran would "immediately" reciprocate if the United States returned to a June deal aimed at ending their war.Trump vows to hit Iran ‘hard’ as fighting resumesUS President Donald Trump on Monday (local time) threatened to hit Iran "hard" after the two sides exchanged fire for the first time after weeks of calm, with Treasury Secretary Scott Bessent vowing to keep a pressure campaign aimed at hobbling Tehran's economy.
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