Iran (IMNA) - In a post on his X account, Hemmati noted that the share of the U.S. dollar in global reserves has decreased from 65% in 2016 to 58%, a decline acknowledged by former President Donald Trump, who attributed it to misguided U.S. sanctions against other nations.
Hemmati emphasized that the U.S. administration's focus on trade tariffs serves as further evidence of the ineffectiveness of its sanctions policy and the futility of continuing its maximum pressure tactics against Iran. The maximum pressure policy was initiated in 2018 when the U.S. withdrew from the Iran nuclear deal, leading to severe sanctions aimed at crippling Iran’s economy, especially its oil sector.
He also pointed out that lifting Iran’s oil sanctions has become increasingly crucial, particularly in light of Canada’s recent threats to halt oil exports to the U.S. due to a 25% tariff imposed on Canadian goods.
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