Iran has vowed to fight back against the latest American sanctions

Iran has vowed to fight back against the latest American sanctions — warning Washington that its response would not be purely defensive. Iran's Economy and Finance Minister -- Ali *Madanizadeh -- told a local news network in Tehran that his government had been preparing for this moment, with a two-year plan to withstand the new pressure. But, he also acknowledged that the Iranian people were already suffering badly from inflation, currency pressure and shortages. U.S. Treasury Secretary, Scott Bessent, yesterday unveiled an "economic d-day" for Iran -- a new sweeping effort to economically isolate the country after six months of war. Sherwin Bryce-Pease reports...