Iran's Araghchi warns US economic threats will backfire

Iranian Foreign Minister Abbas Araghchi has cautioned that US economic sanctions, threatened by President Donald Trump, will only lead to additional setbacks for America. Speaking on Thursday, Araghchi stated that the economic war President Trump has threatened against Iran is merely a tactic to divert attention from the economic challenges faced by his own nation.

He warned that any further pressure would be ineffectual. On Wednesday, Trump announced what he called "the toughest economic action ever taken against any country," aiming to isolate Iran economically and warn nations and entities supporting Tehran of severe economic repercussions. The US Treasury Department announced the same day that the nation's total debt had reached an unprecedented $40 trillion, sparking fresh concerns about an impending financial crisis.