• Iran warns US of dire consequences of further sanctions, threatens to retaliate

    Iran warns US of dire consequences of further sanctions, threatens to retaliate

    Extending U.S. sanctions on Iran for 10 years would breach Iranian nuclear agreement, Iran Supreme Leader Ayatollah Khamenei said on Wednesday, warning that Tehran would retaliate if the sanctions are approved.

    The U.S. House of Representatives re-authorized last week the Iran Sanctions Act, or ISA, for 10 years.

    The law was first adopted in 1996 to punish investments in Iran’s energy industry and deter the country’s pursuit of nuclear weapons.

    The measure will expire at the end of 2016 if it is not […]