Trump Prepares New Economic Blows Against Iran. China Could Be Caught in the Crossfire.
Treasury Secretary Scott Bessent says measures on Tehran could begin next week as annual inflation reaches 66 percent and food prices jump 128 percent, officials said.
- On Friday, President Donald Trump vowed to hit Iran hard economically, a day after Treasury Secretary Scott Bessent said Washington would impose measures on Tehran that have "never been seen" as soon as next week.
- Annual inflation reached 66 percent in July, with food costs surging 128 percent year-on-year, while rial depreciation eroded purchasing power for engineer Bijan, who now earns about $400 monthly.
- Strikes on bridges have disrupted overland transport, increasing costs and time for goods entering Iran. President Masoud Pezeshkian acknowledged gasoline output is capped at about 130 million litres, compared with consumption of 137 million litres.
- The appointment of Hossein Taeb to lead the Basij militia last week signals clerical concern that economic hardship could reignite mass unrest. The Basij is a paramilitary force affiliated with Iran's Revolutionary Guards, historically used to quell protests.
- Government employee Hossein noted meat and chicken have "disappeared from our table," while businessman Mohsen from Bandar Abbas laid off 10 employees after his import-export business collapsed. Ordinary Iranians face deepening hardship amid renewed U.S. pressure.
13 Articles
13 Articles
US President Donald Trump on Friday threatened to hit Iran hard with economic measures, a day after Treasury Secretary Scott Bessant said Washington would introduce "unprecedented" measures against Tehran as early as next week.
The President of the United States, Donald Trump, promised on Friday to hit Iran hard in the economic field, one day after the Secretary of the Treasury, Scott Bessen, to say that Washington will impose measures on Tehran never seen before next week.
Trump faces five options for escalating economic pressure on Iran. The United States is preparing to impose what it describes as "unprecedented economic pressure" on Iran, but the options available to President Donald Trump's administration carry anticipated consequences for the American economy, energy markets, and its relationship with China...
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