Iran’s president admits ‘we have many problems’ and missiles ‘are of no use’ as the U.S. chokes its economy while weakening Tehran’s grip on Hormuz

Iranian President Masoud Pezeshkian admitted that his country is facing numerous problems, including inflation, economic issues, and job losses, despite facing economic pressure from the United States. The U.S. is choking Iran's economy and weakening its control over the Strait of Hormuz, which is a crucial energy chokepoint. Tehran has lost leverage over the strait as traffic increases, particularly through a southern route along the coast of Oman.

Despite warnings from Pezeshkian and other moderate regime figures, Iran's economy is expected to contract by 6.1% this year, with over 1 million jobs lost and inflation soaring above 80%. Pezeshkian acknowledged that while Iran has many problems, its people support the regime. He also stated that "missiles and bombs are of no use" in the face of U.S. pressure.

The naval blockade has prevented Iran from exporting oil and importing refined fuels, resulting in shortages and long gas station lines. Trade has plummeted by 25%-35%, with imports down significantly more than exports. U.S. forces have redirected 82 commercial vessels, disabled three, and boarded two to ensure compliance. Despite the pressure, Pezeshkian emphasized the importance of unity and warned against putting undue pressure on the Iranian population, as it could have dire consequences.