Iran’s worsening economic crisis raises questions over Tehran’s willingness to compromise
As Iran’s economic strain deepens, an expert told the Post that the regime is not close to collapse despite rising inflation.
As Iran’s economic strain deepens, an expert told the Post that the regime is not close to collapse despite rising inflation.
The Strait of Hormuz has been severely affected in recent months, with shipping traffic through the waterway sharply declining amid Iranian threats and restrictions.
US Treasury Secretary Scott Bessent announced "an economic onslaught" against Iran, combining new sanctions with with threats against Tehran's trading partners.
The US State Department's Rewards for Justice offered a bounty of up to $10m. for information on five IRGC leaders, including Majid Khademi, who was killed by an Israeli strike in April.
Foreign Service officers could begin returning to their posts as early as this week, according to the report.
Pakistan's army chief Asim Munir discussed regional peace and ways to reach a negotiated settlement to disputes, the statement added.
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Sanctions targeted Iranian individuals and companies that facilitated the trade of petroleum and petrochemical products with Iran or supported military action against US forces.
Iranian attacks and threats to shipping have already stopped most traffic through the Strait of Hormuz, largely shutting down a waterway that once carried around a fifth of global energy.
"It is now a time for world leaders to make a decision between prosperity and isolation, peace and terror, America and Iran," declared US Treasury Secretary Scott Bessent.
The call, which has not been previously reported, came as the US threatened to roll out major economic sanctions targeting Iran and its trade partners.