US government officials manipulating energy markets for personal gain: Iran FM
Iran's Foreign Minister Abbas Araghchi says US government officials are manipulating energy markets for personal gain and using media narratives to keep US President Donald Trump mired in a “losing war.”
Araghchi made the remarks in a post on his X account on Saturday, saying Iranian intelligence detected “major efforts” to manipulate energy markets.
Our intelligence shows major efforts to game energy markets. U.S. Govt elements use gullible media to influence prices for personal gain and keep POTUS mired in a losing war. Israel-aligned actors also promote war with rosy assessments.
— Seyed Abbas Araghchi (@araghchi) August 29, 2026
U.S. consumers feel the real bottom line.
He added that “elements” within the US government were using “gullible media” to influence energy prices for personal gain.
They also seek to keep President Trump mired in a “losing war,” Araghchi argued, referring to the US-Israeli aggression against Iran, which was launched late in February.
The top Iranian diplomat further said actors aligned with Israel are promoting the continuation of the war by providing “rosy assessments” of the situation.
“U.S. consumers feel the real bottom line,” Araghchi pointed out.
Oil markets have remained highly sensitive to developments around the Strait of Hormuz, a key route for global energy supplies that Iran has closed since the early days of the war in response to the aggression.
Iranian authorities have repeatedly said that a return to normal in the waterway would only happen when the US completely ends the aggression and lifts its sanctions and blockade on the country.
In peacetime conditions, roughly one-fifth of the world's oil supply and one-third of global agricultural fertilizer trade pass through the Strait of Hormuz.
The rising cost of basic goods resulting from the US war of aggression against Iran has impacted goods not only in the US but also in Europe and around the globe.
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