Iranian Foreign Minister Abbas Araghchi warned that Americans would soon face the economic consequences of an escalating US–Iran conflict, arguing that rising loan costs, mortgage rates and consumer financial stress were the “real pain” of what he described as a “war of choice” against Iran.In a post shared onHe shared a market snapshot showing a sharp rise in US Treasury bond yields. For context, Treasury yield is the return investors earn for lending money to the U.S. government by purchasing Treasury securities such as bonds, notes or bills.The benchmark 10-year US Treasury yield climbed to 4.555%, while the 30-year yield rose above 5% to 5.096%, according to market data. The 2-year Treasury yield, which closely tracks expectations around Federal Reserve policy, also rose to 4.065%.Rising Treasury yields generally signal that investors expect higher inflation and tighter financial conditions. Analysts say fears of disruption to Middle Eastern oil supplies, particularly around the Strait of Hormuz, have raised concerns that energy prices could rise sharply if tensions escalate further.Higher oil prices can affect the broader economy by increasing fuel, transportation, and manufacturing costs, ultimately leading to higher consumer prices. Higher Treasury yields also translate into higher borrowing costs for mortgages, auto loans and business loans across the United States.Araghchi’s comments also highlight growing pressure on US consumers, particularly in the auto sector, where loan defaults have already reached their highest levels in decades amid high interest rates and persistent inflation.The Iranian foreign minister’s warning comes as tensions between Washington and Tehran continue to weigh on global markets, and investors weigh the economic risks of prolonged conflict in the Middle East.