24 Hrs
Source:
الشرق اللبنانية
Iran feels the impact of US sanctions
Reports indicate that American pressure on Iran through increased sanctions and a blockade on oil exports is significantly deteriorating Tehran's economy. The blockade has cut off Iran's main source of revenue, reducing oil shipments to approximately 260,000 barrels per day compared to 1.7 million a year ago, with trade volumes declining by about 25-35%. This has led to a collapse of the local currency, rising inflation, and shortages of fuel supplies, putting Iran's economy at considerable risk. There are also threats of military retaliation from Tehran amid escalating economic and political tensions with the United States.
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