Politics
US Treasury says Iran's economy cratering with 90% inflation amid sanctions
The US Treasury reports Iran's economy is severely impacted by sanctions, with inflation reaching 90 percent.
AgnosticPreachersKid / CC BY-SA 3.0, via Wikimedia Commons
The U.S. Treasury Department reported that Iran's economy is experiencing severe difficulties, with inflation reaching 90 percent, according to The Hill.
This economic downturn is attributed to the U.S. economic isolation campaign against Iran, which the Treasury describes as 'decimating' the country's economy.
The campaign, known as Operation Economic Outcast, was launched at the end of August.
Treasury Secretary Scott Bessent described the effort as 'very successful' during a CNBC appearance.
Sources
We read public reporting and official data, confirm what we can, and write our own story. See something wrong? Request a correction.
Comments
No comments yet.
Sign in to comment