Iran’s Foreign Minister Abbas Araghchi says the American people will bear rising economic costs from what he described as a “war of choice” on Iran, pointing to higher US Treasury yields and warning of pressure on debt, mortgages and consumer loans. Araghchi highlighted rising 2-, 10- and 30-year yields as evidence of tightening financial conditions. He also argued energy prices and household credit stress would worsen, calling the situation entirely “avoidable” after the US and Israel launched the war on his country.
