The warning comes as Washington has yet to break Iran's hold on the Strait of Hormuz as Iran's rial sinks to record low

Iran warns of a devastating response as the US prepares tougher sanctions, while falling oil flows through Hormuz raise concerns over global energy supplies.

Tehran says Washington's plan to turn up economic pressure contradicts international law; oil traffic through Hormuz still near a standstill

The United States is set to announce stringent economic sanctions against Iran. These measures could significantly impact Iran and its key trading partners like China. Oil…