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Iran Accuses US of Market Manipulation with 'Fake News' on Hormuz Claims
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Iran Accuses US of 'Fake News' Over Hormuz Claims, Warns of Market Manipulation
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News18
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11-03-2026, 07:11
Iran Accuses US of 'Fake News' Over Hormuz Claims, Warns of Market Manipulation
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Iranian Foreign Minister Abbas Araghchi alleges US is spreading "fake news" about Strait of Hormuz activity to manipulate global financial markets.
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Remarks follow reports of US officials retracting a claim about a US warship escorting a tanker through the strait.
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Araghchi warns of an "inflationary tsunami" and a market shortfall larger than combined past crises.
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IRGC naval commander Alireza Tangsiri issued a direct military warning, threatening to target any US or allied ships in Hormuz.
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Tangsiri denied the US escort claim, stating Iranian missiles and drones would halt any such passage, escalating tensions.
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