Despite claims by partisan critics that President Trump’s hawkish Iran policy isn’t working, Iran says differently. Trump’s “maximum pressure” campaign is damaging Iran’s financial stability, according to Saeed Khatibzadeh, spokesman for Iran’s foreign ministry, reported Radio Farda.
Khatibzadeh said American sanctions are shocking the system and “have caused serious monetary and financial damages to Iran.”
But Trump isn’t letting up. Last week, the Treasury Department hit 18 Iranian banks with sanctions, aiming to further isolate Iran’s financial sector. “Our sanctions programs will continue until Iran stops its support of terrorist activities and ends its nuclear programs,” Treasury Secretary Steven Mnuchin said, according to the Washington Free Beacon.
As strong as they are, these sanctions are targeting the Iranian terror regime, not the people. “Today’s actions will continue to allow for humanitarian transactions to support the Iranian people,” Mnuchin added.
U.S. sanctions have devastated the Iranian economy. The Free Beacon notes that the rial— Iran’s currency — now sits at an all-time low, having devalued by over a third since June. And Iran is feeling the pain.
“The United States must make up for all the damage it has done to Iran,” with its crippling sanctions, Khatibzadeh said, adding that Tehran will pursue legal action in the International Court of Justice at the Hague to get financial compensation from the United States.
Apparently, the billions of dollars in sanction relief that the Obama-Biden administration provided Iran, and plane loads of cash weren’t enough for the regime. Iran’s terror regime is also trying to forge closer ties with Russia and China for much-needed economic support.
Meanwhile the Trump administration has been solidifying its anti-Iranian coalition with its Arab-Israeli peace deals, and closer ties with Arab states throughout the region. Don’t be fooled – “Maximum Pressure” against Iran is working.
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