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.<\/p>\n
Pezeshkian says Iran will reciprocate if US honours interim deal<\/p>\n
Iran’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.<\/p>\n
Trump vows to hit Iran \u2018hard\u2019 as fighting resumes<\/p>\n
US President Donald Trump<\/a> 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. The conflict, which is now in its sixth month, escalated once again on 30 August after the United States carried out strikes on an Iranian island in the Strait of Hormuz<\/a>, with the Islamic Republic retaliating quickly by targeting US military targets in the Middle East. Speaking to a Fox News reporter, Trump said, “We’re going to hit them hard,” and added, “There will be a response.”<\/p>\n Oil prices gain as renewed US-Iran fighting revives Strait of Hormuz risks<\/p>\n Oil prices<\/a> pushed higher on Monday after witnessing their biggest gain in three weeks in the previous session, as fresh hostilities between the US and Iran raised concerns about prolonged disruptions to energy flows through the Strait of Hormuz. West Texas Intermediate traded above $86 after advancing 2.8 per cent in the previous session, while Brent settled near $90 on Monday. Crude eked out a marginal increase in August after a volatile month, with prices buffeted by stop-start efforts to end the war, including pledges by the US to cripple Iran’s economy. The US President<\/a> dismissed concerns that the conflict was draining American firepower, characterising it as a \u201clittle war.\u201d<\/p>\n As Middle East fighting flares up, gold holds decline<\/p>\n