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Iran Economy Buckles Under U.S. Sanctions · GNN Daily Breaking News

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  Speaker 1: Six months into the war with the United States and Israel,
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  Speaker 1: Iran's economy is buckling under the combined weight of conflict
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  Speaker 1: and sanctions. Officials in Tehran admit the country faces its
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  Speaker 1: worst financial crisis in decades as Washington intensifies its maximum
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  Speaker 1: pressure campaign with new restrictions targeting oil exports, banking networks,
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  Speaker 1: and shipping routes. The Iranian real has plunged to record lows,
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  Speaker 1: losing more than half its value since the war began.
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  Speaker 1: Inflation has soared, with food and medicine prices rising beyond
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  Speaker 1: the reach of ordinary families. Factories have shuttered, unemployment is climbing,
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  Speaker 1: and shortages of basic goods are spreading across the country.
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  Speaker 1: Human rights groups warn that sanctions are disproportionately harming civilians,
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  Speaker 1: exacerbating poverty, and limiting access to health care. U.S. officials
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  Speaker 1: defend the measures as necessary to weaken Iran's warfighting capacity.
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  Speaker 1: Treasury Secretary Scott Besant has described the sanctions as the
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  Speaker 1: toughest in history, insisting they are aimed at the regime
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  Speaker 1: rather than the people. Yet critics argue that humanitarian exemptions
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  Speaker 1: are ineffective as financial restrictions make it nearly impossible for
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  Speaker 1: aid organizations to operate. Iran's leadership has lashed out accusing
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  Speaker 1: Washington of waging economic terrorism. Deputy Foreign Minister Qasem Garibabadi
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  Speaker 1: declared that the sanctions amount to crimes against humanity, warning
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  Speaker 1: that they will deepen suffering and destabilize the region. Former
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  Speaker 1: Revolutionary Guards Chief Mohsen Rezaei has threatened retaliation, including the
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  Speaker 1: possibility of halting oil exports from the Persian Gulf. International
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  Speaker 1: reaction remains divided. Some allies back Washington's stance, citing concerns
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  Speaker 1: about Iran's nuclear ambitions. Others, particularly in Europe and China,
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  Speaker 1: warn that sweeping sanctions risk destabilizing global energy markets. China,
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  Speaker 1: a major buyer of Iranian oil, has rejected U.S. pressure
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  Speaker 1: and signaled it will continue to protect its interests. For
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  Speaker 1: global markets, the stakes are high. Oil prices have surged
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  Speaker 1: amid fears of supply disruptions, while shipping companies reroute vessels
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  Speaker 1: to avoid attacks in the Strait of Hormuz and the
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  Speaker 1: Red Sea. Analysts caution that prolonged sanctions could reshape global
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  Speaker 1: trade flows, forcing countries to seek alternative suppliers and payment systems.
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  Speaker 1: Inside Iran, the economic toll is already reshaping daily life.
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  Speaker 1: Families ration food, hospitals struggle to secure medicine, and businesses
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  Speaker 1: face collapse. The war has not only devastated infrastructure, but
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  Speaker 1: also eroded confidence in the government's ability to manage the crisis.
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  Speaker 1: As Washington intensifies sanctions, Iran's economy faces a perilous future.
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  Speaker 1: Whether Tehran can withstand the pressure or retaliate in ways
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  Speaker 1: that further destabilize the region remains uncertain, but the human
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  Speaker 1: cost is already undeniable.