News Desk
TEHRAN: Amid escalating tensions in the Middle East, Seyed Abbas Araghchi has mocked the United States’ military campaign, calling it “Operation Epic Mistake” and warning that Iran still has “many surprises” in store.
Posting on X, Araghchi said the US operation had triggered serious economic consequences. “Nine days into Operation Epic Mistake, oil prices have doubled while all commodities are skyrocketing,” he wrote, adding that Washington was allegedly planning strikes on Iran’s oil and nuclear facilities to control the resulting inflationary shock. “Iran is fully prepared. And we, too, have many surprises in store,” he added.
Global financial markets reacted sharply to the escalation. Share markets declined while investors moved funds into the US dollar amid concerns that surging energy prices could push up living costs and interest rates worldwide.
Crude oil prices surged nearly 30 percent in one of the largest single-day jumps on record, with futures approaching $120 per barrel. Brent Crude traded around $104.5 per barrel, while US crude futures were near $101.8.
In a separate development, Iran announced that Mojtaba Khamenei has been named as the successor to his father, Ali Khamenei, signaling that hardline leadership remains firmly in control. The decision is unlikely to be welcomed by Donald Trump, who previously described Mojtaba Khamenei as an “unacceptable” choice for Iran’s future leadership.
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