Washington’s ‘maximum pressure’ against Tehran has failed: Economy minister
TEHRAN (Iran News) Iran’s economy minister says the US government’s trade war against some other countries is indicative of the failure of Washington’s sanctions policy, particularly its so-called maximum pressure campaign against Tehran.
Abdolnasser Hemmati wrote on his X account on Sunday that the share of the US dollar in global reserves dropped to 58% from 65% in 2016, pointing out that even US President Donald Trump has acknowledged this decline and attributed it to the US’s wrong policy of sanctioning other countries.
“The US government’s focus on trade tariffs is another manifestation of the failure of the sanctions policy and the futility of repeating the maximum pressure campaign against Iran,” he said.
The US, under Trump’s first administration, imposed what it called the “maximum pressure” policy against the Islamic Republic in 2018 after pulling out of the Iran nuclear deal. The policy included harsh sanctions targeting Iran’s economy, particularly its oil sector.
Hemmati further said that the lifting of Iran’s oil sanctions is now more economically significant than ever given Canada’s threats to stop selling oil to the US due to a 25% tariff imposed on Canadian goods.
- source : irna
