29 Mar 2024
Wednesday 4 December 2019 - 16:05
Story Code : 364820

Iran VP admits US pressure hitting economy hard

Al-Monitor - In a series of remarks rarely heard from Iran's political elites, First Vice President Eshaq Jahangiri lamented Washington's onerous sanctions and how they are tightening the noose around Iran's economy. "The Americans have in the true sense blocked the key bottlenecks of our country's economy," Jahangiri told an exports conference in Tehran Dec. 2.

"Even allies fear buying Iranian oil" due to US pressure, he said, which has forced Iran to get its crude shipped out through unconventional ways. The Reformist politician, however, took pride in the fact that despite all the roads closed off, Iran has managed "to stand on its own feet."

After withdrawing last May from the multilateral Iran nuclear deal known as the Joint Comprehensive Plan of Action (JCPOA), the administration of US President Donald Trump has been squeezing the Iranian economy through an unabated "maximum pressure" campaign, which seeks to shut off Iranian oil exports and push Tehran into renegotiating the "bad" deal.

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