Monday, November 5, 2018 | Tag Cloud
, Hassan Rouhani
, Nuclear Deal
, Worthy News
Iran President Hassan Rohani
(Worthy News) - Iran greeted the re-imposition of U.S. sanctions on Monday with air defense drills and an acknowledgement from President Hassan Rouhani the nation faces a "war situation," raising Mideast tensions as America's maximalist approach to the Islamic Republic takes hold.
The sanctions end all the economic benefits America granted Tehran for its 2015 nuclear deal with world powers, though Iran for now continues to abide by the accord that saw it limit its enrichment of uranium. While for now not threatening to resume higher enrichment, Iranian officials in recent months have made a point to threaten that could resume at any time faster than before.
The new American sanctions particularly hurt Iran's vital oil industry, a crucial source of hard currency for its anemic economy. Its national currency has plummeted over the last year, sending prices for everything from mobile phones to medicine skyrocketing.
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