Iran's Araghchi mocks US Treasury over soaring bond yields

• Araghchi cites rising 30-year Treasury yields as evidence of weakening confidence in the US financial system.
• Araghchi dismisses Bessent’s “fever” description and warns of a US fiscal meltdown.

Iranian Foreign Minister Abbas Araghchi delivered a sharp response to US Treasury Secretary Scott Bessent on social media, claiming Washington's economic pressure campaign against Tehran has failed while alleging the US financial system of undergoing systemic instability.

Araghchi's statements come amid escalating geopolitical tensions and growing volatility in US sovereign debt markets, where 30-year Treasury yields recently surged to their highest levels since 2007.

Taking to X, the Iranian foreign minister directly targeted Bessent, asserting that Washington’s economic containment strategy against Iran is unraveling alongside rising borrowing costs in the United States.

"The U.S. Treasury Secretary has been gleefully boasting about wanting to impoverish Iranians and collapse our economy," Araghchi posted. "Instead, he stands powerless and exposed as the world loses belief in the U.S. financial system. Meltdown over cost of funding U.S. debt is only the beginning."

Iran highlights US debt pressures

Araghchi's critique specifically targeted Bessent’s recent public statements describing the spike in long-term borrowing costs as a temporary market "fever" that required intervention through expanded Treasury bond buyback operations.

The exchange highlights how Iranian leadership is attempting to leverage turbulence in Western debt markets to counter Washington’s economic warfare.

As the US Treasury attempts to stabilize long-term yields through extraordinary debt-repurchase measures, Iranian officials maintain that elevated yields signal a broader erosion of international confidence in US fiscal stability.