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Iran President Pezeshkian Urges Unity Amid US Economic Pressure
Confirmed
In Short: Iran's President Masoud Pezeshkian has called for national unity in the face of stringent US economic sanctions, as the country grapples with a plummeting currency and ongoing military tensions.
The US has announced an "Economic D-Day" against Tehran, with the toughest sanctions regime in Washington's history aimed at severing all economic lifelines that "sustain the Iranian regime and the Islamic Revolutionary Guard Corps (IRGC)," according to reports.
Iran still faces critical energy supply shortages due to rampant fuel smuggling, severe damage or neglect of oil and gas infrastructure, and expensive yet low-quality, fuel-hungry vehicles. The ongoing military confrontation between Iran and the US, which has been a major catalyst for Tehran's present economic decline, shows no sign of abating.
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- Pezeshkian said the economic measures will not force his government to make any abrupt policy shifts, which might lead to further unrest in the country.
- Iran’s national currency hit a new all-time low of more than 2.25 million rials per US dollar when Tehran’s market opened for the start of the working week on Saturday.
- Iran’s government has said it will return to commitments under a memorandum of understanding signed between Washington and Tehran in June but that fell apart shortly after, if the US does the same.
- “The fourth battlefield is the street – the social field,” Parliament Speaker and chief negotiator Mohammad Bagher Ghalibaf said, naming the other three elements as military operations, diplomatic talks, and economic services to the people.
- On Thursday, Iran’s Supreme Court confirmed that prominent businessman Sadegh Saedinia was sentenced to at least 12.5 years in prison and will have his millions of dollars in assets confiscated by the state for what they said was support for nationwide protests in January.
- Amid rising public discontent, Iranian authorities say adversaries are focused on encouraging domestic unrest.
- Tehran, Iran – President Masoud Pezeshkian has insisted that officials and Iranians will stand united in the face of United States economic pressure, saying national cohesion was enough to “neutralise” any attempts to create discord within the country.
- “People are now on the edge; if I impose another pressure, they may fall off,” Pezeshkian reminded the country during a televised appearance earlier this week.