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[INTERNATIONAL] · United States, Iran · 4 sources

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Donald Trump claims Iran's economy is ruined and nuclear power neutralized

U.S. President Donald Trump has claimed that Iran's economy is in a state of collapse, citing inflation rates of approximately 300 percent. Speaking to reporters, Trump asserted that Iran no longer possesses a functional economy or significant oil resources. He also claimed that U.S. actions have successfully neutralized Iran's nuclear capabilities.

Trump predicted that the ongoing conflict with Iran would end very soon, which he believes will lead to a rapid decline in global oil prices. He noted that oil movement through the Strait of Hormuz is returning to or exceeding pre-war levels.

In response to these claims, Iranian government spokesperson Fatemeh Mohajerani dismissed Trump's statements as false. Additionally, Iranian Foreign Minister Abbas Araghchi indicated a desire for a diplomatic resolution, noting that Iran had previously proposed a seven-day peace plan to the United States to reduce tensions and reopen the Strait of Hormuz.

Amidst these developments, Iran's Oil Minister, Mohsen Paknejad, resigned on October 4, a move accepted by President Masoud Pezeshkian. Hamid Bowvard, CEO of the National Iranian Oil Company, has been appointed as the interim Oil Minister.

Entities

Abbas Araghchi · Donald Trump · Fatemeh Mohajerani · Iran · Mohsen Paknejad · Mohsin Paknejad · Strait of Hormuz · United States

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