Iran’s Economy Crisis: Iran’s Economy in Crisis as US

Iran in Crisis Amid U.S. Economic Pressure Campaign

Iran economic crisis deepens: Food prices soar, Rial at record low as US launches new sanctions

With inflation surging, the rial weakening and sanctions adding further pressure, Iran’s leadership faces a difficult choice between continuing confrontation and pursuing diplomacy to ease economic pressure.

Iran’s president admits U.S. sanctions and naval pressure ar

Iranian President Masoud Pezeshkian has publicly acknowledged that U.S. sanctions and a sustained naval blockade are strangling the country’s economy, describing the situation as a “war” that is forcing Tehran to consider painful steps. Pezeshkian’s unusually blunt remarks came during an interview on Iranian state television late Friday and were reported Saturday. He conceded that […] The post Iran’s president admits U.S. sanctions and naval pre…

Iran’s President Concedes US Sanctions Are Taking a Heavy Economic Toll as Washington Intensifies Pressure Campaign

Iran’s President Concedes US Sanctions Are Taking a Heavy Economic Toll as Washington Intensifies Pressure Campaign By: Fern Sidman In a striking public acknowledgment that appears to mark a significant rhetorical shift by Iran’s leadership, President Masoud Pezeshkian has admitted that sweeping United States sanctions are inflicting substantial damage on the Iranian economy, a reversal from comments he made only days earlier dismissing Washingt…

Iran’s economy in crisis as US launches new sanctions campaign

For many Iranians, the new US sanctions campaign, called Operation Economic Outcast, seems superfluous given the grim economic situation in their country. Iranians are facing runaway food inflation, closed petrol stations and a seemingly never-ending depreciation of the nation’s currency caused by a lack of foreign exchange reserves. Vegetable oil in Iran in August cost […]