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U.S. Sanctions Expense Iran’s Economy $150 Billion, Rouhani States

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Follow us @middleeast for more news on the region.Iran lost$150 billion of profits given that U.S. President Donald Trump withdrew from a 2015 nuclear offer and reimposed sanctions on its economy, President Hassan Rouhani said.The U.S. steps are likewise hampering imports of medical

and food supplies, Rouhani stated in a statement Saturday on state television.Iran’s economy has diminished over the past two years, inflation and unemployment are rising. Unrefined exports that the nation depends on for the majority of its foreign exchange are less than 10%of their level prior to the U.S. withdrew from the multilateral agreement in May 2018. “If people wish to curse anybody for issues and shortcomings in the nation, it’s the White Home,”Rouhani said.Relations in between the U.S. and Iran have been at their worst considering that the 1979 Islamic Transformation, and over the past two years defined by a security crisis triggered by Trump’s withdrawal from the nuclear accord and culminating in the assassination of top Iranian General Qassem Soleimani in January.Published on September 26, 2020, 4:30 AM EDT Have a confidential pointer for our reporters?GET IN TOUCH Before it’s here, it’s on the Bloomberg Terminal.LEARN MORE LISTEN TO ARTICLE 1:01 SHARE

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