Iran vows 'painful' retaliation as Trump piles on pressure ahead of UN General Assembly meeting
Trump threatened to destroy Iran's economy or eliminate its leadership if Tehran doesn't strike a deal, complicating efforts at diplomacy.
TL;DR
- President Trump threatened to "wipe Iran out" or let its economy "rot" unless a deal is reached.
- Iran's military warned of "painful" retaliation across the Middle East if the U.S. makes any mistake against the Islamic Republic.
- Iranian President Masoud Pezeshkian is scheduled to attend the United Nations General Assembly in New York this week for meetings.
- The U.S. State Department issued a security alert citing risks of unforeseen escalation in the Middle East.
- Saudi authorities reported intercepting and destroying a ballistic missile and thwarting other attacks from Iran-backed Houthi militants.
- Oil prices have pulled back despite widening hostilities, with analysts forecasting Brent prices to trade between $90-110 per barrel for the rest of the year.
- Iran insists it will not reopen the Strait of Hormuz until Washington fulfills commitments under a June memorandum.
- Iranian parliament speaker Mohammad Bagher Ghalibaf stated that Iran must fight and negotiate from a position of strength.