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Treasury says Iran's economy cratering, inflation at 90 percent
The U.S.’s economic isolation campaign against Iran is “decimating” the country’s economy, according to a Treasury Department report released Friday.
AI Summary
A Treasury Department report released Friday says the United States’ economic isolation campaign is “decimating” Iran’s economy, with inflation soaring to about 90 percent. The report attributes the downturn to “Operation Economic Outcast,” a sweeping pressure campaign launched by the Trump administration at the end of August. The Treasury’s assessment underscores the severe impact of the U.S. sanctions on Iran’s financial stability.
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