Trump’s economic war will bring US further defeat – Iran

Iranian Foreign Minister Abbas Araghchi firmly rejected the latest economic pressure campaign launched by the United States against Tehran, describing it as yet another failed attempt to achieve Washington's objectives. In response to President Donald Trump's announcement of a new, unprecedented economic initiative, Araghchi argued that the move was merely a distraction from the economic challenges facing the United States.

Specifically, he highlighted the country's unprecedented debt and soaring interest costs as reasons for the failure of such policies. Araghchi further accused the US of threatening global economic stability and the sovereignty of other nations through its economic measures, stating that "US economic terrorism threatens the global economy and sovereignty worldwide."

The US President's announcement of the economic measures, which he characterized as the most severe operation ever imposed against a nation, came as tensions between Washington and Tehran continue to simmer. The current standoff traces back to February 28, when US-Israeli strikes on Iran were followed by retaliatory Iranian attacks across the region.

Although a ceasefire was reached on April 8, tensions remain high in the strategically vital Strait of Hormuz, a critical corridor for global energy supplies. Iran has maintained a blockade of this waterway, a demand that has been a source of contention for Washington. Tehran insists that any reopening of the strait must be contingent upon the lifting of US naval blockades on Iranian ports, the removal of oil sanctions, and the release of Iranian assets held abroad.

Throughout his tenure, Trump has consistently pursued a policy of maximum economic pressure on Iran, reviving the approach that characterized his first presidency. The sanctions regime imposed by his administration has been met with consistent rejection from Iran, which argues that economic coercion and threats have proven ineffective in altering Tehran's behavior.