Iranian Foreign Minister Abbas Araqchi criticized on Thursday U.S. President Donald Trump's plan to tighten economic sanctions on Tehran, describing it as more "failed policies" that will only bring Washington "more defeat."
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Writing on X (formerly Twitter), Araqchi stated that "the so-called 'Economic Victory Day' is nothing more than a distraction from America's own crisis: unprecedented debt and rising interest costs."
He added that "persisting with failed policies will yield nothing but further defeat, and hostility from the Iranians."
Earlier, Trump announced the launch of what he described as the "most crushing economic operation" ever waged against any country, aimed at isolating Iran economically.
Trump threatened "dire" economic consequences for "any nation" that assists or trades with Iran, reflecting an escalation in Washington's economic pressure on Tehran following months of war. However, Trump did not provide specific details regarding the measures or sanctions to be imposed.
Last week, U.S. Treasury Secretary Scott Bessent stated that the United States would implement unprecedented measures against Iran.
Between July 8 and July 24, the United States resumed attacks on Iran, prompting Tehran to respond by targeting countries in the region before talks resumed regarding safe corridors for ships in the Strait of Hormuz.
The United States subsequently reinstated a naval blockade on Iranian ports in the Strait of Hormuz following renewed clashes, which were described as the fiercest since a ceasefire took effect between the two sides in April. Iran warned that resuming the naval blockade on its ports undermines the memorandum of understanding with Washington.
The war broke out on February 28, when Israel and the United States launched attacks on Iran. Tehran retaliated by closing the Strait of Hormuz, which prior to the conflict served as the primary transit route for roughly one-fifth of the world's energy supplies.
The Strait of Hormuz remains a major flashpoint in the conflict, with Iran's control over the waterway granting it significant leverage.
AFP
