Iran's Araghchi says economic D-Day is a diversion from the US crisis

FXStreetAug 20, 2026 6:24 AM

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Iran's Foreign Minister Abbas Araghchi dismissed US President Donald Trump’s threatened “economic D-Day” against Tehran as an attempt to divert attention from US debt and rising interest costs, Reuters reported on Thursday. Araghchi added that US policies will bring defeat and enmity.

“Doubling down on failed policies will only bring further defeat—and enmity of Iranians. US economic terrorism threatens global economy and sovereignty worldwide,” said Araghchi.

On Wednesday, Trump announced most severe economic action ever taken against Iran, saying this will be economic conflict and isolation on an unprecedented scale and the countries allowing financial aid to Iran will face severe economic consequences.

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