Iran lashes out at U.S. sanctions amid economic toll at home
Iran said the sanctions campaign has cut foreign trade nearly 35% and pushed annual inflation to 66%, deepening pressure on a war-hit economy.
- On Friday, Iran condemned new United States economic sanctions as "state terrorism," branding the measures a "crime against humanity" that threatens civilian livelihoods amid the six-month war.
- Iranian President Masoud Pezeshkian reported that foreign trade has shrunk by nearly 35 per cent due to United States sanctions and a naval blockade, while annual inflation hit 66 per cent last month.
- Preliminary shipping data released yesterday showed only seven commodity vessels transited the Strait of Hormuz on Thursday, down from 17 a day earlier, as the Islamic Revolutionary Guard Corps contests United States claims the waterway remains open.
- Qatari Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani discussed reopening the Strait of Hormuz with Iranian leaders in Tehran on Thursday, while Supreme Leader Ayatollah Mojtaba Khamenei banned officials from harming "social cohesion" amid unrest concerns.
- The United States Treasury Department imposed sanctions on Egypt's Banque Misr and one entity in Hong Kong for ties to Iran's Bank Melli, as Washington continues targeting trading partners to enforce economic pressure against Tehran.
13 Articles
13 Articles
Iran’s foreign trade plunges 35% as US sanctions deepen war’s economic toll
Iranian leaders are acknowledging mounting economic pain six months into the war with the US, as President Masoud Pezeshkian says foreign trade has fallen 35% under sanctions and a naval blockade. Supreme Leader Mojtaba Khamenei urged action on inflation and unemployment, while diplomatic efforts continue over the Strait of Hormuz.
Iran lashes out at U.S. sanctions amid economic turmoil at home | Honolulu Star-Advertiser
Iran condemned the United States’ new economic sanctions today as “state terrorism” while its supreme leader said he was banning acts that could harm “social cohesion” amid concern that more financial pain could spark unrest at home.
Al-Monitor
Iran lashes out at US sanctions amid economic toll at home
By Eman Abouhassira, Yasmine Ghania and Ahmed TolbaDUBAI/CAIRO, Aug 28 (Reuters) - Iran condemned the United States' new economic sanctions on Friday as "state terrorism" while its supreme leader said he was banning acts that could harm "social cohesion" amid concern that more financial pain could spark unrest at home.With the war now at the six-month mark, and negotiations at an impasse, President Donald Trump's administration has stepped up efforts to punish Iran financially with what it has billed as an "economic D-Day".
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