US Treasury Secretary Bessent Confirms Sanctions Hit Iran’s Economy, Study Shows Decline

US Treasury Secretary Bessent announced that sanctions on Iran are yielding results, stating in a press briefing that the latest data confirms a decline in the country’s economic performance.\n\nA recent study cited by Bessent highlighted a contraction in Iran’s GDP, a rise in inflation, and a weakening of the rial, all pointing to the cumulative impact of U.S. sanctions.\n\nThe U.S. has maintained a broad set of sanctions targeting Iran’s oil exports, banking sector, and key individuals, aiming to curb Tehran’s regional influence and nuclear ambitions.\n\nBessent added that the administration will continue to monitor economic indicators and adjust its approach as needed, emphasizing that sustained pressure remains a cornerstone of U.S. policy toward Iran.