President Masoud Pezeshkian has said Iran will reciprocate immediately if Washington returns to its commitments under a June 17 framework for peace talks, as pressure mounts on Tehran in the face of an economic crisis.His comment came as two supertankers were attacked off Oman, a day after the first US-Iran exchange of fire in more than a month. One was the Saudi-owned Sidr, a very large crude carrier (VLCC) that Iran's Tasnim news agency said had “stopped” in the southern corridor of the Strait of Hormuz. The other was the Sinokor-operated Senegal Property.Mr Pezeshkian, speaking on Tuesday at a summit of the Shanghai Co-operation Organisation in Bishkek, Kyrgyzstan, accused the US of breaching the June 17 framework that was supposed to lead to peace talks and the Strait of Hormuz reopening.The framework agreement lasted less than two weeks before Washington began making “excessive demands” and failing to honour its commitments, said Mr Pezeshkian, who had signed up to it with US President Donald Trump.QuoteI state explicitly that if the US returns to its commitments under the aforementioned memorandum of understanding, the Islamic Republic of Iran will immediately take reciprocal actionMasoud Pezeshkian, President of Iran“It is self-evident that the violation of the US commitments was met with an appropriate response from Iran,” Mr Pezeshkian said, without elaborating on the measures taken by Tehran.“But I state explicitly that if the US returns to its commitments under the aforementioned memorandum of understanding, the Islamic Republic of Iran will immediately take reciprocal action,” he added in a speech at the summit.Washington stepped up economic pressure against Tehran following the latest flare-up between the two arch foes, with Mr Trump saying sweeping new sanctions were “kicking in really strongly”.The exchange of fire overnight from Sunday into Monday was the first since last month, with American forces carrying out strikes on the Iranian island of Larak in the Strait of Hormuz and Iran targeting US bases in Jordan in retaliation.US scope for diplomacyCentral Command, which oversees US military operations across the Middle East, said there was “limited, precise action” and that the strikes followed the detection of Iranian preparations to lay new sea mines in the Strait of Hormuz.Jordan said it intercepted eight missiles after Iran attacked US bases in the kingdom. Dr Anwar Gargash, diplomatic adviser to UAE President Sheikh Mohamed bin Zayed, said the Iranian attacks on Gulf states and Jordan had “proven to be a failure”.Mr Trump vowed to retaliate, telling Fox News: “We’re going to hit them hard. There will be a response.” But he also suggested there was still scope for diplomacy, saying Iran “want[s] to meet so badly”.US Treasury Secretary Scott Bessent, speaking as G20 finance ministers met in North Carolina, warned that those engaging with Tehran risked being cut off from the dollar-based financial system.Play00:40Vance says Trump is sending a warning to Iran with AI video“I would think that they are lashing out kinetically because they are losing economically,” Mr Bessent said, as Washington sought international support for its campaign to sever Iran’s financial lifelines.Iran has been gripped by an economic crisis, with the government struggling to pay wages and supply enough fuel for motorists in the face of US sanctions and a naval blockade.In a written statement issued on Sunday, supreme leader Ayatollah Mojtaba Khamenei called for unity and warned officials against exposing the country’s weaknesses amid fears of renewed unrest.Long queues have formed at petrol stations in Tehran over the past week, with some closing or running dry despite a record amount of fuel being distributed in the capital.Anger over the collapsing rial, high prices and the cost of living prompted deadly demonstrations in December and January, while petrol shortages, supply disruption and long queues have added to public anxiety over the reliability and cost of basic services.Iran’s judiciary chief, Gholam-Hossein Mohseni-Ejei, on Monday threatened a tougher crackdown on any new anti-government protests.“If the enemies seek to disrupt the security of the people at home and make a mistake, they can be certain that they will face a stronger, firmer and more decisive response than in any previous period,” he said. ​Iran’s currency has plunged ​to ‌a record low this month, crossing the psychological threshold of ⁠2 million rials per US dollar, while annual ⁠inflation reached 66 per cent in July.Central bank governor Abdolnaser Hemmati said on ⁠Tuesday he was ready to inject up to $2 billion into the foreign exchange market to calm the volatility.“I am telling the ​President ⁠of the United ‌States: Iran has [foreign] currency and it has enough,” Mr Hemmati said.“I tell the people with complete honesty that economic conditions and livelihood management have become difficult, but collapse has ​never happened and will never ‌happen. These claims are ⁠just psychological warfare and the ​dust will settle soon.”