‘Everyone is depressed’: Iranians brace for Trump’s crushing economic war
As US President Donald Trump prepares to lay out details of his “most crushing economic operation ever taken", Iranians fear further economic isolation and hardships. A salvo of international measures against the Islamic Republic preceded the expected announcement, with France expelling Iranian diplomats, Washington ramping up pressure by targeting cash networks linked to Iran’s main proxy,…
Iranians fear further economic isolation and hardships as US President Donald Trump prepares to lay out details of his "most crushing economic operation ever taken." The announcement follows a series of international measures against Iran, including France expelling Iranian diplomats, the UAE suspending trade and financial ties with Tehran, and Washington targeting cash networks linked to Iran's main proxy, Hezbollah.
Farhad, a 42-year-old shop owner in Tehran, expressed his concern about his future, acknowledging the constant worries about war, American attacks, Israeli attacks, and protests. The deteriorating economic situation is partly due to the war and international sanctions, which have eroded Iranians' purchasing power and increased unemployment to a four-year high of 9.1 percent.
Moreover, Iran has stopped exporting oil, as US economic pressure has restricted access to foreign exchange reserves. Treasury Secretary Scott Bessent warned that the US will coordinate with allies to isolate Iran, creating the greatest coordinated economic isolation in history.
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