US's war of choice on Iran imposed avoidable costs on Americans: FM
Foreign Minister Abbas Araghchi says the US's unprovoked aggression towards Iran has burdened ordinary Americans with avoidable economic costs.
"Americans are told that they must absorb rocketing costs of war of choice on Iran," the top diplomat wrote in a post on X on Saturday.
"Put aside gas price hike and stock market bubble. Real pain begins when US debt and mortgage rates start to jump. Auto loan delinquencies are already at 30+-year high," he added. "This was all avoidable."
Pentagon lowballs Iran war cost at $29 billion as real toll could hit $1 trillionhttps://t.co/I22RnNTRjA
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Together with the Israeli regime, the United States waged its latest bout of unlawful attacks on the Islamic Republic between February 28 and April 7.
The aggression prompted decisive and uncompromising reprisal featuring devastating blows to American and Israeli targets across the region. In addition to causing extensive material damage to the targeted sites, the Islamic Republic shut down the strategic Strait of Hormuz to enemies and their allies, therefore, sending shockwaves throughout global energy markets.
Including reconstruction and replacement costs, the war is so far estimated to have run Washington a cost likely ranging between $40 billion and $50 billion.
Economists, meanwhile, project the overall cost of continued restrictions imposed on the Strait of Hormuz to end up astronomically higher.
Professor Linda Bilmes, a public policy expert at Harvard Kennedy School, recently forecast that the war on Iran could ultimately cost American taxpayers $1 trillion.
On Friday, Mohammad-Baqer Qalibaf, Iran's Majlis (Parliament) speaker, warned that the United States’ efforts at sustaining military escalation near the strait could trigger a fresh global financial crisis at a time when Washington's national debt already stands at a whopping $39 trillion.
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