United States Treasury Secretary Scott Bessent has stated that Washington deliberately created a “dollar shortage” in Iran to weaken the Iranian currency and spark protests due to the economic crisis. The strategy involved blocking Iran’s main sources of foreign exchange, such as oil exports and international banking access, through sanctions. This led to a sharp decline in the Iranian rial, soaring inflation, and widespread protests in December and January. The US government’s goal was to pressure Iran by collapsing its economy, which Treasury Secretary Bessent believes has been successful. As a result of the “dollar shortage,” the Iranian currency plummeted, causing food prices to rise significantly.
Want More Context? 🔎
