Iran foreign minister plays down US president Trump's economic threat

AI summary

<p class="text-align-justify" style="text-align: justify;">From overnight: <a href="https://investinglive.com/commodities/trump-vows-crushing-new-economic-operation-against-iran-warns-allies/" rel="follow">Trump vows crushing new economic operation against Iran, warns allies</a></p><p class="text-align-justify" style="text-align: justify;">The threat by Trump pretty much underscores that we are still nowhere near any deal between the two sides. And after trying to brute force his way to getting Iran to concede, Trump is now having to find a different way of achieving that goal.</p><p class="text-align-justify" style="text-align: justify;">But considering how US sanctions have not worked in the past, I'm not sure how much more they can push the issue from an economic perspective. So, we'll see.</p><p class="text-align-justify" style="text-align: justify;">In any case, Iran remains unfazed with foreign minister Araghchi saying that:</p><blockquote class="text-align-justify" style="text-align: justify;">"The so-called “Economic D-Day” is a diversion from America's own crisis: unprecedented debt & surging interest costs. Doubling down on failed policies will only bring further defeat—and enmity of Iranians. US economic terrorism threatens global economy and sovereignty worldwide."</blockquote><p class="text-align-justify" style="text-align: justify;">That seems to be the typical response from Iran in the wake of any of these threats. So, there's nothing new here.</p><p class="t