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US Pressure on Iran Starting to Tell, as Sanctions and Blockade Bite
Iranian crude loadings fell to about 260,000 barrels a day from 1.7 million a year earlier as expanded U.S. sanctions choke financing and imports, Kpler said.
- Washington's expanded secondary sanctions and oil blockade are choking Iran's economy by targeting dollar transactions and oil exports to force concessions after six months of conflict.
- Iranian crude loadings plummeted this month to about 260,000 barrels a day, from about 1.7 million a year earlier, as U.S. measures make sanctions evasion networks too costly to operate.
- Official figures show 12-month average inflation at 69.9%, while the average monthly salary of around $125 fails to meet household expenses of around $450. Unemployment rose to 9.1% this spring.
- President Masoud Pezeshkian reported total trade has fallen between 25% and 35%, with imports hit harder than exports. Private-sector employee Mahnaz said, "We are getting poorer every day."
- Ali Ansari, modern history professor at St Andrews University in Scotland, said Iran is "under very, very severe economic pressure" and "losing control of the Straits," likely forcing future negotiations.
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Strait of Hormuz Stalemate Worsens As US, Iran Refuse to Back Down
A U.S. campaign to throttle Iran's economy by blockading its oil exports and stopping sanctions evasion is growing increasingly difficult to withstand, three senior Iranian sources said.Washington has in recent weeks sought to ratchet up the economic pressure on Tehran…
Al Arabiya+7 Reposted by 7 other sources
US pressure on Iran starting to tell, as sanctions and blockade bite
·Riyadh, Saudi Arabia
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The US strangulation of Iran's economy through the blockade of oil exports is becoming increasingly difficult to deal with, according to Iranian sources who appear to have spoken...More...
·Greece
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Total News Sources11
Leaning Left2Leaning Right4Center4Last UpdatedBias Distribution40% Center, 40% Right
Bias Distribution
- 40% of the sources are Center, 40% of the sources lean Right
40% Right
L 20%
C 40%
R 40%
Factuality
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