Politics
Treasury Department says Iran’s economy cratering, inflation at 90 percent
The Hill·October 30, 2026·1 min read
A Treasury Department report released Friday says the U.S. economic isolation campaign against Iran is 'decimating' the country's economy, with inflation at 90 percent. The campaign, dubbed Operation Economic Outcast, launched at the end of August. Treasury Secretary Scott Bessent said on CNBC Wednesday the effort has been 'very successful.'
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