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US sanctions on Iran force EXTRAORDINARY reaction from Tehran

October 26, 2018 3:56 PM
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US sanctions on Iran force EXTRAORDINARY reaction from Tehran

IRAN is launching emergency financial measures to protect 20 million people ahead of a fresh wave of Donald Trump’s sanctions.

Tehran has accused Mr Trump’s US government of waging “economic warfare” on its citizens.

The new measures will provide economic support for 20 million lower-income residents who make up one quarter of Iran’s population.

Extra financial relief will also be rushed to the poorest 11 million people in the country, which has seen its economy pummelled by White House sanctions.

In May, Mr Trump hauled the US out of a key global nuclear deal with Iran, which lifted sanctions in return for curbs on Iran’s nuclear activity.

Iran’s currency has plummeted in value since Mr Trump unleashed the punishing economic restrictions.

International Monetary Fund (IMF) forecasts predict Iran’s economy will dip by 3.6 per cent next year.

The cost of living has soared, causing hardship for Iranian residents.

Foreign companies which traded with Iran were told they would also be hit with penalties from the White House.


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