US Treasury imposes new sanctions on Iran amid economic collapse

The United States Department of the Treasury has imposed a new package of sanctions targeting Iran, contributing to a severe economic crisis within the country. These measures have led to a historic collapse of the Iranian financial system, with inflation rates exceeding 60% and the national currency reaching unprecedented lows against the US dollar.

The economic pressure has resulted in widespread hardship for the Iranian population, with many families unable to afford basic necessities. Experts note that the crisis has effectively destroyed the small and medium-sized enterprise sectors due to the collapse of purchasing power. This economic instability follows the 2018 US withdrawal from the nuclear deal, which re-activated stringent sanctions on oil, banking, and international trade.