Sunday, May 24, 2026

Iran seeks to end U.S. sanctions


Iran’s incoming President Ibrahim Raisi said on Tuesday that he intends to take measures to end the “brutal” sanctions imposed on Iran by the United States during the Trump administration.

“We will seek to end the brutal sanctions imposed by the United States,” Said Raisi, He was elected after promising to improve the living conditions of the Iranian people.This The economy has been paralyzed Since 2018, due to sanctions.

Raisi, a hardline clergyman who will be sworn in on Thursday, added that Iran will not “link the economy with the wishes of foreigners”. He is expected to adopt an uncompromising attitude towards any upcoming negotiations.

In the June presidential election, the 60-year-old Raisi won nearly 62% of the nearly 29 million votes.

Iran and six other world powers have been working hard to restore the 2015 nuclear agreement. 2015 Iran Nuclear Agreement It was an agreement with the United States that involved Iran dismantling most of its nuclear program and opening its facilities to allow the IAEA to conduct international inspections in exchange for sanctions relief.

Former President Donald Trump withdrew from the Iran nuclear agreement and Impose sanctions Under the “maximum pressure” policy. The sanctions caused Iran to fall into a deep recession, with GDP falling by 4.8% in 2018 and another 9.5% in 2019. In 2019, the country’s unemployment rate was 16.8%.

Iran’s oil exports also plummeted from 3.8 million barrels per day in January 2018 to 1 million barrels per day in April 2019. This has reduced their government revenue by billions of dollars. The plunge in oil sales caused Iran’s foreign exchange rate to fall sharply, dropping to US$86 billion, 20% lower than the 2013 level.

Since Trump’s cancellation of the Iran agreement, the country’s currency has hit a record low in 2018 because its exchange rate against the U.S. dollar has fallen by 50% on the unofficial market.The inflation rate soared from 9% in 2017 to 35.7% in 2019. With The 12-month household inflation rate for the Consumer Price Index in October 2019 was 42%.

The sixth round of talks between Tehran and Washington in Vienna ended on June 2. The two sides have not yet announced the next round of talks.

The outgoing President Hassan Rouhani, who helped reach the 2015 agreement, criticized his government for “not allowing” him to restore the agreement in the final months of his term.





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