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Tehran hits back at US Treasury chief over foreign spending claims

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A large billboard bearing the slogan "Great Victory" in both Persian and English is seen displayed at Rah Ahen Square in Tehran, Iran, on August 25, 2026. (AA Photo)
August 28, 2026 09:38 AM GMT+03:00

Iranian Parliament Speaker Mohammad Bagher Ghalibaf lashed out Thursday at U.S. Treasury Secretary Scott Bessent after he accused Tehran of spending vast sums abroad while Iranians struggle to meet basic needs.

In a post on X, Ghalibaf said Washington should spend money on its own citizens instead of directing billions of dollars to overseas allies and military bases.

“Instead of funneling billions to its terrorist proxy, Israel, and 750 bases, this failing empire could spend that cash on its own people, but nah, that'd make too much sense for this regime,” Qalibaf said.

Addressing Bessent, he added: “Scotty, man, your credibility is on the line. Do something.”

Daily life continues as tensions between Iran and the United States persist in the Iranian capital Tehran, on August 24, 2026. (AA Photo)
Daily life continues as tensions between Iran and the United States persist in the Iranian capital Tehran, on August 24, 2026. (AA Photo)

His remarks came in response to a post by Bessent accusing the Iranian government of wasting large amounts of money abroad.

“As the Iranian people struggle to afford basic necessities, the corrupt regime continues to squander enormous sums abroad,” Bessent said.

“Instead of funneling billions of dollars to its terrorist proxies, the regime should spend that money for its people,” he added.

Tehran says US failed to implement memorandum

In June, Iran and the United States, with Pakistani and Qatari mediation, signed a 14-point memorandum of understanding in Islamabad.

The memorandum included provisions for ending hostilities that began in late February with U.S. and Israeli attacks on Iran, reopening the Strait of Hormuz, lifting a U.S. naval blockade and beginning a 60-day negotiation process.

Tehran has accused Washington of failing to implement key provisions of the memorandum.

Iran has insisted that the Strait of Hormuz will not fully reopen until the United States fulfills its commitments.

August 28, 2026 09:38 AM GMT+03:00
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