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Araghchi Accuses Trump of Economic Pressure as Iran Rejects US Threats

TEHRAN: Iranian Foreign Minister Abbas Araghchi has accused US President Donald Trump of using economic threats to divert attention from financial problems inside the United States, including rising debt and interest rates.

Araghchi said Washington’s continued pursuit of what he described as failed policies would produce further setbacks and increase opposition among Iranians.

“America’s economic terrorism threatens the global economy and the national sovereignty of countries around the world,” Araghchi said in a post on X.

His remarks followed Trump’s warning that countries providing financial, commercial or logistical support to Iran could face severe economic consequences.

Trump threatens countries supporting Iran

Trump warned that any country providing “any type of lifeline to Iran” could face what he described as unprecedented economic pressure.

In a social media post, the US president threatened “Economic Warfare and Isolation on an unprecedented scale”.

Trump did not specify which measures Washington could impose. He also did not identify countries that might face penalties.

The warning could potentially affect US partners that have played a role in attempts to mediate between Washington and Tehran.

Iran has faced extensive US sanctions for decades. Tehran has repeatedly argued that sanctions have harmed civilians and disrupted international trade.

The latest confrontation comes as diplomatic efforts remain uncertain.

Iranian adviser Mohammad Mokhber said Tehran remains open to dialogue but does not view negotiations as surrender.

He said military pressure and sanctions would not force Iran to abandon its position.

Iran executes man over protest charges

Iranian state media reported that authorities executed a man on Thursday over charges connected to nationwide protests in January.

State media identified the man as Qaem Hosseini, a foreign national.

Authorities accused him of involvement in events that resulted in the deaths of security personnel during the protests.

The report comes amid heightened tensions between Tehran and Washington and renewed international scrutiny of Iran’s domestic policies.

Oil prices rise amid supply concerns

The confrontation has also continued to affect global energy markets.

Brent crude futures for October delivery rose 26 cents, or 0.28%, to $91.87 a barrel by 9:39am Pakistan time.

US West Texas Intermediate crude futures for September increased 17 cents to $86 a barrel.

The more active October WTI contract gained 12 cents to $89.91.

Investors remain concerned that the prolonged conflict could disrupt supplies from the Middle East.

The Strait of Hormuz remains particularly important to global energy markets because a significant share of internationally traded oil passes through the waterway.

US casualties exceed 750

More than 750 US service members have reportedly been wounded since the start of the Iran war, according to the US Defence Department’s casualty database.

The Pentagon updated its figures on Wednesday, adding more than 50 wounded personnel.

The database showed that 18 US service members had died and 757 had been wounded since Washington launched its military operation against Iran on February 28.

The figures come as negotiations between Tehran and Washington remain stalled.

The two sides have issued conflicting messages about the status of diplomatic contacts. Trump said Tuesday that no talks were taking place, while his son-in-law and special envoy Jared Kushner said a day earlier that negotiations remained active.

IMC Volunteers Collect Abandoned National Flags After Independence Day Celebrations

Regional pressure grows

The conflict has also placed pressure on countries with economic and security ties to both Iran and the United States.

The United Arab Emirates recently suspended trade activities, commercial exchanges and financial transactions with Iran after its defence ministry reported detecting two missiles launched from Iran.

Tehran rejected the UAE’s account as baseless.

China also remains a major factor in the economic confrontation. Kpler data cited in the report showed that China purchased more than 80% of Iran’s shipped oil in 2025.

Any further US economic action against China could carry wider consequences because of the two countries’ extensive trade relationship.

For Tehran, Araghchi’s latest comments signal that Iran intends to challenge Washington’s economic pressure rather than accept demands under threat.

For Washington, however, the growing pressure campaign reflects an effort to isolate Iran economically while the conflict and diplomatic stalemate continue.

The dispute now extends beyond the battlefield, with energy supplies, international trade and relations between major economies increasingly tied to the outcome of the US-Iran confrontation.

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