WANA (Mar 10) – Iran’s foreign minister criticized what he described as the “spread of fake news by U.S. officials to manipulate markets,” emphasizing that such actions will not be able to save the American economy from an impending inflation crisis.

 

Seyed Abbas Araghchi wrote in a post on the social media platform X that U.S. officials are attempting to influence global markets by disseminating false information. According to him, these actions are an effort to manage the economic consequences of U.S. domestic policies, but ultimately they will not be able to protect the American people from an “inflationary tsunami.”

Referring to the current conditions in global markets, Araghchi said that markets are facing one of the largest historical gaps and shortages. He added that the scale of the crisis surpasses even the combined impact of several major economic and geopolitical events of past decades.

 

In this context, the Iranian foreign minister pointed to three major historical events: the 1973 oil embargo, the 1979 Iranian Islamic Revolution, and Iraq’s invasion of Kuwait in 1990. He stressed that the current market conditions, in terms of intensity and scope of impact, are being assessed as even greater than the combined effects of these events.

 

Araghchi concluded by noting that spreading fake news and attempts to manipulate markets cannot change economic realities, and the crises affecting the U.S. economy will continue to impact the lives of its citizens.