Iran’s foreign minister has dismissed recent threats from U.S. President Donald Trump, who declared intentions to launch a significant economic operation against Iran. Abbas Araghchi stated that Trump’s proposed “Economic D-Day” is a distraction from America’s own financial challenges, emphasizing that persisting with unsuccessful policies will only lead to more defeats and animosity towards Iranians. Araghchi warned that the U.S.’s economic tactics pose a threat to the global economy and sovereignty.
In response to Trump’s announcement of planning “Economic Warfare and Isolation” on a large scale against Iran due to failed negotiations, the Iranian official criticized the move. Trump’s social media post also cautioned countries against aiding Iran, hinting at severe economic repercussions if they do. However, China, a significant buyer of Iranian oil, expressed disapproval of sanctions and pressure tactics, urging responsible actions through political and diplomatic channels.
Treasury Secretary Scott Bessent implied that focusing on economic measures could possibly reduce the necessity for major military actions against Tehran. Following the U.S. threats, oil prices surged to a three-week high, reflecting market concerns over potential financial penalties to resolve the ongoing conflict in the Middle East. Analysts noted that Iran’s capability to withstand economic pressures and retaliate against the U.S. and its allies could complicate the situation further. Despite the expiry of a 60-day negotiation period without progress towards a peace deal, Trump hinted at the possibility of resuming talks in the future.