Iran war latest: China criticizes new US sanctions as Iran vows to retaliate

- China has criticized new U.S. sanctions against Iran, warning that the measures will further intensify regional tensions.
- Iranian Parliament Speaker Mohammad Bagher Ghalibaf stated on Tuesday that the U.S. will face defeat in its economic actions, following alleged military and political failures.
- Iran has declared it is "fully prepared" to retaliate and counter the impact of the new sanctions.
- The situation remains volatile as both nations signal a continued escalation in economic and diplomatic conflict.
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