Mohammad Bagher Ghalibaf, the speaker of the Iranian regime’s Majlis (parliament), warned about the consequences of the economic crisis and the intensification of U.S. sanctions. He said that even with military power, if people are hungry and the country’s economy lacks financial circulation, economic growth, and national production, the Iranian regime will not survive.
During a visit to Iraq on Friday, August 21, Ghalibaf met with people introduced as “Iran-Iraq economic activists,” described the new U.S. sanctions as “oppressive,” and said planning was needed to counter them.
He emphasized expanding trade with Iraq based on the two countries’ national currencies and said that using this method would allow them to “strike a blow against the American currency.”
These remarks came after U.S. Treasury Secretary Scott Bessent announced one day earlier that Washington was implementing a plan to sharply intensify economic sanctions against the Iranian regime with the goal of its “overthrow.”
Bessent described the plan as the largest coordinated economic isolation campaign in world history and said details of the new sanctions would be announced on Monday, August 24.
