President Donald Trump likes to say that he started his war with Iran after 50 years of economic pressure had failed to stop its nuclear weapons ambitions — but he’s now betting that another financial squeeze can bring an end to that war. U.S.
Key Questions
They have inflation of 300%. Treasury Department said average loadings of Iranian oil have decreased from 1.8 million barrels per day before the war to less than 500,000 barrels per day over the past month. Because iran cannot have a nuclear weapon, can’t have it, “And no other President has done what you should have done a long time ago,. Because of the war, with the International Monetary Fund estimating the overall economy shrinks by 5.4% and the Iranian government recently reporting an annual inflation rate of 88.6%, the Iranian economy has suffered gravely.
“Yeah, they can make trouble, but they’re broke,” Mr. Trump told reporters. “It’s been 47 years, but really, it’s been 50 years because they’ve been saying 47 for three years; it’s been 50 years,” Mr. Trump said.
“They have no money. You know, Iran is broke, totally broke. And they’re not paying their soldiers. Inflation is running high in Iran, although Mr. Trump’s estimates were higher than what administration officials have been citing to reporters. But the prospect of a longer war also carries inflation risks for other nations, including the U.S. — where the war and higher gasoline prices are unpopular. The U.S. The U.S. economy — the world’s largest — has continued to grow, but inflation is elevated, and borrowing costs have risen in ways that have hurt Mr. Trump’s popularity and led to disapproval of the Iran war.
