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5 ways Iran's economy is wilting under Trump's pressure

Axios·August 24, 2026·1 min read
5 ways Iran's economy is wilting under Trump's pressure

The Trump administration is escalating economic pressure on Iran, with Treasury Secretary Scott Bessent unveiling a plan Monday for the 'single greatest financial offensive ever.' Iran's oil revenue has been curtailed by a U.S. blockade since April, and some Iranian officials have suggested ending the war rather than enduring prolonged economic strain.

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