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The Illinois Senator slaps back: He speaks out against McCain's characterization of his Iran policy at a town hall meeting in Billings, Montana, blames "Bush-McCain" policies in Iraq for growing threat of Iran.

Also calls Iran the "single biggest beneficiary" of the Iraq war. Watch video above. Full remarks here.

Comes after McCain starts off speech to National Restaurant Association in Chicago by hammering Obama for calling Iran's threat to the U.S. "tiny" compared to USSR. Read opening remarks here.

Plus: In prepared remarks he criticizes both Democratic rivals on economy, invokes Obama adviser Goolsbee speaking with the Canadian government when discussing his plans for NAFTA. Read remarks here.

Extra: Missed Obama's Portland rally Sunday? Get a complete photo gallery of the record-breaking attended event here.

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