NEWSMAX
Hassett: Blockade Leaving Iran on 'Precipice of Extreme Calamity'
By Sandy Fitzgerald | Sunday, 03 May 2026 03:55 PM EDT
U.S. pressure on Iran is intensifying the country's economic crisis, as a U.S.-backed blockade is straining its economy and leaving it "on the precipice of extreme calamity" while Iran deals with hyperinflation, food shortages, and growing internal unrest, White House National Economic Council Director Kevin Hassett said Sunday.
"The blockade is working. It's putting an enormous amount of pressure on Iran," Hassett said during an interview with CBS' "Face the Nation," adding that recent U.N. criticism of Tehran highlights the regime's treatment of its own citizens.
Hassett also pointed to Iran's long-term economic decline, saying the country's per capita GDP has fallen sharply since the 1979 Revolution, underscoring what he described as systemic mismanagement by its leadership.
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READ MORE: https://www.newsmax.com/politics/kevin-hassett-iran-war/2026/05/03/id/1255058/
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