Key facts
- Iran and the US have exchanged threats.
- President Donald Trump warned Iran of economic failure or leadership elimination if a deal is not reached.
- Iran's military vowed harsh retaliation to any new attack.
- Iran stated that Washington's regional allies would be considered parties to the conflict.
Iran and the United States have exchanged threats amid escalating regional conflict. President Donald Trump issued a stark warning to Iran, stating that the country would either fail economically or face the elimination of its leadership if it did not agree to a deal. In response, the Iranian military declared it would retaliate harshly to any new attack. Iran also warned that Washington's regional allies would be considered parties to any conflict.