Struggling To Cope, Iranians Fear More Misery From U.S. Sanctions

www.oann.com | 5/11/2018 | Staff
roxy2707 (Posted by) Level 3
DUBAI (Reuters) – Iranians fear an even more painful squeeze on living costs after additional U.S. sanctions take effect on Monday, from businesses struggling to buy raw materials to the sick and elderly unable to afford life-saving medicines.

The United States will reapply curbs to the country’s vital petroleum and banking sectors on Monday in an effort to rein in its arch foe’s nuclear, missile and regional activities.

Iran - Rulers - US - Move - Iranians

Iran’s clerical rulers have played down the U.S. move, but many ordinary Iranians appear apprehensive.

“All the prices are going higher every day … I cannot imagine what will happen after 13 Aban (Nov. 4). I am scared. I am worried. I am desperate,” said elementary school teacher Pejman Sarafnejad, 43, a father of three in Tehran.

Rice - Children - Rent

“I cannot even buy rice to feed my children or pay my rent.”

The daily struggle to make ends meet has been getting harder for months: The economy was battered by the reimposition of a first raft of U.S. curbs in August after Washington’s pullout from a nuclear deal between Tehran and global powers in May.

Businesses - Types - Oil - Companies - Houses

Foreign businesses of all types, ranging from oil companies, trading houses to shipping, have stopped doing business with Iran for fear of incurring U.S. penalties.

A Tehran Grand bazaar grocery shop owner said: “I am very nervous because already there is shortage of some goods in the market and the rial has lost so much value.

Reimposition - Sanctions

“What will happen after the reimposition of new sanctions?”

Iran’s leadership says Tehran will not succumb to pressure to halt its missile programs or to change its regional policy.

SLOGANS

“POLITICAL SLOGANS”

Yet while some Iranians back their leaders’ defiance, others are fearful that the economy, weakened by years of sanctions, mismanagement and corruption, may collapse when the U.S. puts more pressure on the world’s Number 3 crude exporter.

Statements - Government - Officials

“Statements by government officials that … the...
(Excerpt) Read more at: www.oann.com
Wake Up To Breaking News!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!