Iranian Foreign Minister Abbas Araqchi, while criticizing the US’s war policies, has said that the American people are now having to pay the price for escalating tensions against Iran in the form of economic hardship.
Citing the rising interest rates on US Treasury bonds, Abbas Araqchi said that the US economic situation is becoming increasingly stressed. According to him, the American people are having to bear the costs of this war that the US itself started.
He said that expensive petrol, a weak stock market and rising debt in the US are creating difficulties for the people. According to the Iranian Foreign Minister, the real crisis will be more serious when US debts increase and mortgage rates rise further.
Abbas Araqchi claimed that the rate of those who do not pay car installments in the US has reached its highest level in 30 years. According to him, this situation indicates the weak financial condition of the American people.
He said that if the US had preferred diplomacy instead of creating a war environment in the region, these economic problems could have been avoided. According to him, war costs always become a burden on the people.
Economic analysts say that increasing global tensions and defense spending have affected the global economy. Many countries, including the US, are struggling with inflation and high interest rates.
According to experts, the increase in US bond yields is a sign that investors are cautious about the future economic situation. Along with this, the increase in consumer debt is also becoming a threat to the US economy.
Abbas Araqchi’s statement is being described as part of the ongoing political tension between Iran and the US. The differences between the two countries are becoming more prominent not only in the diplomatic but also in the economic field.
Global financial markets are currently keeping a close eye on the situation in the Middle East because tensions in the region can affect global trade, oil prices and investment trends.
