New US sanctions deepen economic fears in Iran as diplomacy hangs in balance

Washington is threatening countries, companies and banks doing business with Iran in a new sanctions campaign aimed at cutting off Tehran’s revenue. The measures come as Iranians face high inflation, rising prices and a sharp devaluation of the local currency. The economic pressure adds to the impact of decades of sanctions, domestic mismanagement and damage from the recent war. Meanwhile, uncertainty remains over whether Iran will face another confrontation or revive diplomacy with the United States. Oman and Pakistan have been involved in mediation efforts, with discussions including the Strait of Hormuz. But the latest US sanctions are casting doubt over the prospects for renewed talks. Al Jazeera’s Tohid Asadi reports from Tehran. Subscribe to our channel: bit.ly
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