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Iran facing one of fastest economic collapses ever, Bessent says

Published by Iran International · Iran 8 h ago
A man walks past a currency exchange office displaying foreign exchange rates in Tehran, Iran.
A man walks past a currency exchange office displaying foreign exchange rates in Tehran, Iran. · Iran International

Detailed summary

US Treasury Secretary Scott Bessent said on Sunday that Iran was experiencing one of the fastest economic collapses in history, as Washington expanded its pressure campaign beyond…

US Treasury Secretary Scott Bessent said on Sunday that Iran was experiencing one of the fastest economic collapses in history, as Washington expanded its pressure campaign beyond a naval blockade to target the country's land-based supply routes.

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