US Treasury Says Sanctions Have Crippled Iran’s Economy

A new US Treasury Department report says a combination of maritime restrictions, sweeping economic sanctions and disruption to overland export routes has crippled Iran’s economy.

The report identifies a US naval blockade as one of the measures behind the economic strain, alongside sanctions targeting Iran’s economic activity.

It also points to obstacles affecting land-based exports, describing pressure on trade routes as another factor contributing to the country’s difficulties.

The Treasury’s assessment says the combined impact has increased pressure on Iran’s leadership, linking the economic damage to the broader restrictions on the country’s access to trade.