Iran’s president admits US sanctions impacting economy after previously insisting they’d have no effect
Iran says exports and imports have fallen nearly 35% as sanctions and a naval blockade deepen inflation and other war-related economic pressures, officials said.
- President Masoud Pezeshkian reported on Friday that Iran's foreign trade has shrunk 35% due to American sanctions, as Supreme Leader Ayatollah Mojtaba Khamenei called on the government to address mounting economic hardship.
- The Trump administration has intensified its economic pressure campaign, billing the effort an 'economic D-Day,' while Treasury officials issued sanctions targeting one entity in Hong Kong and one person linked to Bank Melli.
- Shipping data released Friday showed only seven commodity vessels transited the Strait on Thursday, down from 17 a day earlier, as the Revolutionary Guard Navy claims the waterway remains closed unless Iran grants permission.
- Qatari Prime Minister Sheikh Mohammed met Iranian leaders in Tehran on Thursday to revive diplomatic efforts, with Foreign Minister Abbas Araqchi describing the talks as 'creative' despite previous ceasefire attempts unraveling.
- Washington has warned countries to cut business ties with Iran or face secondary sanctions, though the Treasury Department avoided penalizing major trade partners like China and India, as Iran previously managed to sell around 90 million barrels of oil under a brief June memorandum.
96 Articles
96 Articles
Omaha World-Herald
War weighs on Iran's economy as US intensifies sanctions
DUBAI — Iranian leaders are acknowledging the economic toll of war with the U.S., with the supreme leader urging the government to address the hardship and the president saying foreign trade has shrunk by a third due to the American…
Iranian President Masoud Pezeshkian has acknowledged that US sanctions on his country are harming the economy, despite claiming just days ago that US economic pressure would achieve nothing.
Iranian President Massoud Pezeshkian called on his compatriots to "accept" the impact of international sanctions on the country's economic situation, after the announcement of their tightening by the United States.
The Iranian president called on his compatriots to "accept" the impact of international sanctions on the country's economic situation.
Iran's president, Masoud Pezeshkian, acknowledged that US sanctions against his country harm the economy, although he insisted a few days earlier that they would get nothing. Analysis: After six months of the war, it is difficult to disguise the clear failure of the United States to subdue Iran to its will.Would you like to read more news from the world? Follow the channel on WhatsApp Want to live away? See interactive guide that gathers informa…
The Persian nation's exports and imports have declined by 25 to 35 per cent, according to Pezeshkian.
Coverage Details
Bias Distribution
- 42% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
