Iran Focus

London, 10 May - New US sanctions on Iran’s industrial metals will severely affect two of the Middle Eastern country’s most lucrative non-energy exports, according to Iranian government data.

On Wednesday, Donald Trump signed an executive order to sanction Iran’s exports of iron, steel, aluminium, and copper. It means that anyone involved in producing those metals inside Iran will have their assets in the US frozen and that any foreign financial institutions that help Iran to produce or export those metals will be subject to sanctions.

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By Mehdi

Iran plans to increase fuel prices, but the decision has been met with significant opposition even from members of the Iran’s parliament who warn that the move will create further unrest.

The move has been made silently and for good reason. The people have been under significant economic pressure over the past few years and a further blow could quite simply set the powder keg atmosphere off. Purchasing power has been in significant decline in recent times and inflation has resulted in the cost of basic goods sharply increasing.

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By Mehdi

The Iranian economy is on the brink of collapse because of the Donald Trump administration’s tough sanctions, according to the International Monetary Fund (IMF).

Iran is currently in a deep recession, the IMF said, with Iran recording inflation at roughly 40 per cent, the highest it’s been since 1980. However, outside experts put the Iranian inflation rate at a much higher percentage.

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By Jubin Katiraie

Non-profit and non-governmental institution, the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), works to facilitate economic development and growth. It has recently published a report that indicates that optimism in terms of the economy has massively dropped.

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By Pooya Stone

The US decided against renewing the six-month sanctions waivers granted to eight importers of Iranian oil last November, which means that the pressure on Iran’s economy will only increase from tomorrow.

This shows that the US is serious about its “maximum pressure” campaign on Iran, which is designed to bring the mullahs back to the negotiating table for a new deal to address all of their malign behaviour, as well as force Iran to comply with the US’s 12 demands about acting like a normal country. Now, many watching the situation are saying that Iran is at a crossroads, the like of which have not been seen since the 1979 revolution.

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