
Iran Focus
London, 27 April – A recent report published by the International Monetary Fund shows that the economy in Iran dwindled last year following sanctions that were leveled by the US. As well, it is expected to decrease by another 3.6 percent or more this year. Iran’s oil exports have declined by more than half, and the rial, its currency, continues to decline in value. The recent flooding has also added to the economic crisis. Now, with the new sanctions leveled at the Iranian government’s military institution — the Islamic Revolutionary Guard Corps (IRGC) and its affiliates — an even more significant pressure will be put on the Islamic Republic.


