Iran feeling the economic squeeze
Fox News:
Iran’s economy is on the brink thanks to the Trump administration’s sanctions, according to the International Monetary Fund (IMF).Things are likely to get worse for the mullahs as they bitterly cling to their policy of terrorism and use of proxies to attack regional countries. They are refusing to negotiate which means the pressure will only ratchet up.
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.
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Rouhani’s problems are by no means just triggered by international forces. Iranians have complained that jobs are harder to come by and the cost of living has risen.
“Every day when I go shopping, I think yesterday I was better off than today,” one woman, identified only as Maryam, told the FT. “I wake up every morning and realize there has been a jump in the price of chicken or a doubling in the price of onions and tomatoes.”
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