Iran Prepares for Increased US Sanctions

Why it matters locally: While the immediate impact on Iowa's economy is indirect, potential disruptions to global oil markets due to increased tensions could eventually affect fuel prices and the cost of goods for Iowans.

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TEHRAN, Iran — Iran has stated its readiness for the latest economic sanctions imposed by the United States. Tehran officials indicate they possess a plan to counter the effects of these measures. United States officials characterize the new sanctions as a significant economic offensive. Iran's government has, in turn, announced its intent to resist the anticipated economic pressures. Further details regarding Iran's specific counter-plans remain undisclosed. The United States has not yet provided a comprehensive list of all entities or sectors targeted by the new sanctions.