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Operation Economic Outcast pushes Iranian citizens into deeper poverty as food inflation reaches 84.4% in August.
The administration announced a new sanctions campaign, Operation Economic Outcast, which is expected to push many Iranians into deeper poverty. While the campaign aims to impact the nation's economy, Iran is already struggling with runaway food inflation and a depreciating currency.
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In August, year-on-year inflation reached 84.4%, causing basic goods like eggs and red meat to become unaffordable for many middle- and working-class families. hought<channel|>```json, {
Sources
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Trump vows to hit Iran hard as strikes and economic pressure ramp up
washingtonpost.com
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World Mostly Shrugs Off Bessent’s Iran Sanctions Warnings
Bloomberg.com
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US plans to sanction another bank in effort to clamp down on Iran transactions, Bessent tells AP
AP News
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Bessent expects new US secondary sanctions weekly, aiming to increase pressure on Iran
Reuters