Treasury Department says Iran’s economy cratering, inflation at 90 percent
Summary
A U.S. Treasury Department report says the Trump administration’s economic pressure campaign is severely damaging Iran’s economy. Treasury Secretary Scott Bessent called the campaign successful during a Wednesday appearance on CNBC.Key Facts
- The Treasury Department released the report on Friday.
- The report says U.S. economic isolation is decimating Iran’s economy.
- The Trump administration began the campaign, called Operation Economic Outcast, at the end of August.
- Treasury Secretary Scott Bessent discussed the campaign on CNBC on Wednesday.
- Bessent said the effort had been very successful.
- The article title reports that Iran’s inflation has reached 90 percent.
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