Failed Nuclear Deal Negotiations Push Iran Closer to Economic Collapse

OilPrice · RFE/RL staff · last updated February 12, 2025 – 8:57 AM

Public outrage is mounting in Iran as the country’s struggling economy worsens under crippling U.S. sanctions. The national currency plunged to a record low on February 11 soon after U.S. President Donald Trump ordered the restart of a “maximum pressure” campaign on the Islamic republic. In response, Supreme Leader Ayatollah Ali Khamenei appeared to dismiss the prospect of negotiations with the United States over Iran’s disputed nuclear program. A nuclear deal is seen as key to Washington lifting economic sanctions on Iran, which has witnessed…

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