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Iranian VP resigns as regime rejects US talks

The Iranian rial has collapsed to historic lows, hovering above 920,000 against the US dollar. Oil tankers drift aimlessly at sea, unable to deliver their cargo. Frozen assets remain locked away in foreign banks.

This is the reality of Iran under what Donald Trump dubbed his “maximum pressure” campaign – a strategy now continuing into Trump’s second term that has pushed the Islamic Republic’s economy to the brink.

“We are in a full-scale war with the enemy, and they are imposing economic pressure on us. The situation today is worse than the eight-year war with Iraq,” President Masoud Pezeshkian told parliament on Sunday.


“With Trump’s signature, the country’s oil tankers and gas ships are left adrift, wondering how to get the energy to its destination.”


The Iranian president also pointed to financial challenges caused by the non-repayment of debts by several countries. “$6bn,” he noted bluntly. “Qatar will not return $6bn, and Iraq and Turkey are not paying back their debts either.”

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