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US says no timetable for Iran talks, Tehran says economic pressure to yield nothing

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US says no timetable for Iran talks, Tehran says economic pressure to yield nothing

2026-08-27 09:36 Last Updated At:12:31

U.S. President Donald Trump said on Wednesday that he had no timetable and was in no hurry to resume talks with Iran, while Iranian President Masoud Pezeshkian said the United States would achieve nothing through its economic pressure against Iran.

Trump made the statement in an interview when asked how much time he was giving Iran to return to talks. He said the United States was winning very big as Iran's economy was falling apart with massive inflation.

Trump said he believes that both economic measures and military strikes against Iran were effective.

U.S. Treasury Secretary Scott Bessent on Monday threatened Iran with "an economic D-Day," announcing a wave of new sanctions aimed at further isolating the country.

Bessent disclosed that U.S. President Donald Trump has been calling world leaders with specific requests to cease their interactions with Iran.

On the Iranian side, Iranian President Masoud Pezeshkian said on Wednesday that the United States will not achieve anything through its economic pressure against Iran.

He made the remarks at a meeting in the capital Tehran to discuss the latest situation of Iran's major monetary, foreign currency and financial indices.

Pezeshkian said that although Iran seeks to resolve issues through engagement and negotiation, it will, at the same time, stand firm against economic pressure, as it has so far.

He expressed confidence that the United States will not achieve anything through its economic pressure at this stage, citing preparations made by his administration's economic sectors. He said this would be similar to the (40-day) war, when the Iranian armed forces and people prevented it from attaining its objectives with their bravery and support.

US says no timetable for Iran talks, Tehran says economic pressure to yield nothing

US says no timetable for Iran talks, Tehran says economic pressure to yield nothing

International gold and silver prices declined on Wednesday, as stronger-than-expected U.S. inflation data reinforced expectations of a Federal Reserve rate hike next month, boosting the dollar and pressuring precious metals.

On the New York Mercantile Exchange, gold futures for December delivery fell 0.88 percent to settle at 4,653.30 U.S. dollars per ounce, while silver futures for September delivery dropped 0.96 percent to close at 68.026 dollars per ounce.

The declines came after the U.S. personal consumption expenditures (PCE) price index for July, released on Wednesday, pointed to persistent inflationary pressures, prompting traders to increase their bets on a rate increase at the Fed's September meeting.

Gold, silver prices fall on US inflation data, rate hike bets

Gold, silver prices fall on US inflation data, rate hike bets

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