Middle East: Iran is being unyielding - but can it withstand Trump's economic war?
The US President and his Secretary of the Treasury have declared an economic "D-Day" and want to force Iran to its knees economically. But is China also playing along?
The US is seeking to economically strangle Iran, with President Donald Trump warning of an "economic war and isolation of unprecedented scale". The Iranian economy is already reeling, with inflation reportedly at 90% and the currency at a record low. President Massud Peseschkian has acknowledged that the country is facing significant economic challenges, including shortages of water, electricity, gas, and gasoline.
The US plans to impose "the toughest sanctions in history", which could further exacerbate the economic crisis, although some analysts note that the impact may also be felt by the US and other countries.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
