Trump squeezes Iran on two fronts: Salaries lose their worth, workers quit jobs

Dubai: Iran faces intensifying economic and military pressure from the United States, with President Donald Trump tightening the economic squeeze while bolstering US military presence in the Middle East. The strain on Iran's economy is evident as oil exports have been severely disrupted, the rial has plummeted, and the cost-of-living crisis deepens.

Iran's national security adviser Mohsen Rezaei acknowledged on Saturday that the deteriorating economy had pushed the country into one of its most challenging periods in history. Oil Minister Mohsen Paknejad resigned, leaving National Iranian Oil Company chief Hamid Bovard to temporarily assume his role as US naval blockade hinders Iran's ability to export its main source of revenue.

Iran claims Paknejad's resignation was for personal reasons, but the departure is seen as another striking development amid deepening economic consequences of the seven-month war.