IRAN
Published 5 days ago
Iranian economy collapsing as Trump administration tightens sanctions: report
By Elizabeth Llorente | Fox News
John Bolton reacts to accusations from Iran's foreign minister
White House national security adviser John Bolton joins Chris Wallace on 'Fox News Sunday.'
Iran’s economy is on the brink thanks to the Trump administration’s sanctions, according to the International Monetary Fund (IMF).
Iran is in a deep recession, with inflation at roughly 40 percent, the organization said, marking the highest such level since 1980.
The crisis is intensifying a chasm between President Hassan Rouhani’s allies and those who oppose diplomatic exchanges with the U.S. government, the Financial Times noted.
And Iran’s problems are expected only to worsen once President Trump’s promised sanctions on the leading buyers of the Islamic Republic’s oil take effect. They include Japan, South Korea, Turkey, India and China.
The administration had granted oil sanctions waivers when it re-imposed sanctions on Iran after Trump pulled the U.S. out of the landmark 2015 nuclear deal.
IRANIAN LAWMAKERS CONVENE WITH CHANTS OF 'DEATH TO AMERICA'
Trump has declared the landmark 2015 agreement “horrible,” leaving the Iranian government flush with cash to fuel conflict in the Middle East. Iran has accused the U.S. of reneging on the nuclear agreement, signed by the Obama administration, and of causing Iranian economic unrest.
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READ MORE: https://www.foxnews.com/world/iranian-economy-collapsing-as-trump-administration-tightens-sanctions-report
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