'This was all avoidable': Iran on US facing 'rocketing costs of war of choice'

Iranian Foreign Minister Abbas Araghchi warned that the US will soon face the economic fallout of the escalating US-Iran conflict, arguing that rising debt costs, mortgage rates, and consumer financial stress are the ‘real pain’ of what he described as a ‘war of choice’ against Iran. He highlighted rising US Treasury bond yields, signaling investor expectations of higher inflation and tighter financial conditions. This escalation raises concerns about potential spikes in energy prices due to fears of disruption to Middle Eastern oil supplies around the Strait of Hormuz.