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Iran dismisses US “economic D-Day” as debt and rate cost diversion
Iran’s foreign minister warned that US “economic terrorism” could threaten the global economy and sovereignty, as WTI rose 0.1% to $84.35 at the time of writing.
Iran’s Foreign Minister Abbas Araghchi dismissed US President Donald Trump’s threatened “economic D-Day” against Tehran as a bid to divert attention from US debt and rising interest costs, according to remarks covered by Reuters.
Araghchi said US policies would bring “defeat and enmity,” arguing that doubling down on failed measures would lead to further defeat for the US and worsen consequences for Iranians.
The comments came after Trump announced what he called the most severe economic action yet against Iran, framing it as an unprecedented economic conflict and isolation, and warning that countries providing financial aid to Iran would face severe consequences.
At the time of writing, West Texas Intermediate crude was up 0.1% on the day to $84.35, with the article noting that crude prices can be influenced by global demand expectations, supply disruptions from sanctions or instability, and the US dollar.
Latest closeWTI crude $82.40 ▲1.4%