Iran’s foreign minister dismissed recent threats made by U.S. President Donald Trump, who announced intentions to initiate the “MOST CRUSHING ECONOMIC OPERATION EVER TAKEN” against Iran. Abbas Araghchi criticized Trump’s plan, calling it a diversion from America’s internal crisis of mounting debt and escalating interest costs. Araghchi emphasized that persisting with failed policies would only lead to further defeat and animosity towards Iranians, stating that U.S. economic sanctions pose a threat to the global economy and sovereignty worldwide.
Trump’s declaration of unleashing “Economic Warfare and Isolation on an unprecedented scale” against Iran followed the failure to secure a lasting peace agreement. In a post on Truth Social, the U.S. president warned nations of severe economic repercussions if they support Iran in any way, labeling the impending actions as an “ECONOMIC D-DAY.” Trump urged U.S. allies to unite against the Iran threat but did not specify the countries involved or the exact measures to be taken.
China, a significant buyer of Iran’s oil, faces potential repercussions if the U.S. engages in further economic confrontations with Iran, risking retaliatory actions. In response to Trump’s economic threats, Chinese Foreign Ministry spokesperson Lin Jian emphasized the need for responsible actions and a diplomatic approach, stating that sanctions and pressure tactics are not the solution.
Former U.S. ambassador to Israel, Dan Shapiro, expressed concerns over Trump’s approach, highlighting Iran’s capacity to endure and retaliate against escalating tensions. Shapiro cautioned that the current situation is a deadlock created by the parties involved. Iran has long been subjected to severe economic sanctions, with the conflict resulting in numerous casualties and failed peace talks. Despite a 60-day negotiation period expiring without an extension, Trump hinted at the possibility of future discussions resuming at a later point.