News : Economy

By Mahmoud Hakamian

The economic crisis in Iran is reaching a critical point. The people are taking to the streets in protest and the regime has responded by carrying out dozens of arrests. Many of those arrested were charged with “economic disruption”.

Protesters in the city of Isfahan were calling on the regime to stop interfering in neighbouring countries. Also, shopkeepers and workers took to the streets to protest about the decline in the national currency, the rial.

By INU Staff

INU - Secretary of State Mike Pompeo's speech at the Ronald Reagan Library on July 22nd, was addressed very specifically. He said, “Regime leaders — especially those at the top of the IRGC and the Quds Force like Qasem Soleimani — must be made to feel painful consequences of their bad decision making. We are asking every nation, every nation who is sick and tired of the Islamic Republic’s destructive behavior, to join our pressure campaign.

By Mahmoud Hakamian

As evidenced by the mass protests and the falling value of the rial, the Iranian economy is in dire straits already, ahead of US sanctions that will come into place on August 6.

Many Iranian businesses are finding it hard to keep going and the threat of unemployment looms above the heads of most Iranians, but the fiery exchanges between Iran’s President Hassan Rouhani and Donald Trump only lead Iranians to believe that things are about to get worse.

By INU Staff

INU - The war of words between U.S. President Donald Trump and Iranian President Hassan Rouhani is heating up. Rouhani, referring to the oil imports that the U.S. is demanding foreign countries reduce to zero, said that “war with Iran is the mother of all wars”. President Trump did not let the threat slide and he angrily responded in a Twitter post. He warned Iran that he would not be accepting threats from Iran saying that it will face “consequences the likes of which few throughout history have ever suffered before”.

by Jazeh Miller

Ever since Donald Trump pulled the US out of the 2015 Iran nuclear deal, otherwise known as the Joint Comprehensive Plan of Action (JCPOA), the US has been warning its allies and even some neutral countries about the importance of ending their reliance on Iranian oil before the November deadline when US sanctions will snap back into place.

By INU Staff

INU - Most wars in the Middle East are either directly or indirectly about oil. Now, we are in the midst of a major oil war, whereby the US (and some of its allies) have already pledged to stop importing oil from Iran by November and Iran has threatened any state that stops importing Iranian oil.