World News Today Live Updates: Iran says Trump’s ‘economic warfare’ will fail

Iranian Foreign Minister Abbas Araghchi dismissed President Donald Trump's recent sanctions campaign as an attempt to mask the economic struggles within the United States rather than a serious strategy against Tehran. The move, announced on social media, was attributed to Iran's desire to divert attention from the country's unprecedented debt and soaring interest rates.

Trump's announcement of what he termed "Economic Warfare and Isolation on an unprecedented scale" against Iran, came a day after the two nations failed to reach an agreement. The president warned that any entity assisting Iran's economy through banks, businesses, airports, or government bodies would face "TREMENDOUS Economic Consequences." He went further by accusing the US of waging economic terrorism, which, according to him, threatens global economic stability and the sovereignty of other nations.

In a separate development, Treasury Secretary Janet Bessent hinted at forthcoming details regarding the sanctions regime during a press conference scheduled for the following week. Despite the mounting pressure campaign, Trump indicated that negotiations with Iran could be resumed at a later time, stressing that his demands are centered around preventing Iran from developing a nuclear weapon.