Iran’s economy may be headed for a death spiral now that Trump nixed the nuclear deal

[FakeNews]

Just a few minutes after President Trump said on Tuesday that the U.S. plans to pull out of the Iran nuclear deal, Hassan Rouhani, the country's president, stood defiantly, flanked by his cabinet, to say that he wanted to work with the remaining countries to keep the deal alive.

While Rouhani may have been sending a message to the U.S., his speech was also designed to reassure his own citizens that America's move wouldn't further damage the country's fragile economy. "He wanted to project calm and predictability," said Suzanne Maloney, a senior fellow at the Brookings Institution's Center For Middle East Policy.

That calm may not last long as renewed sanctions on Iran could, once again, send its economy into a downward spiral. Over the past several weeks, Iran's rial has lost 25 percent of its value against the U.S. dollar, while inflation is hovering at around 8 percent. Iranians are also struggling with a severe credit crisis that has seen several banks go bankrupt. Unemployment is above 11 percent and citizens have taken to the streets to protest mismanagement and government corruption.

https://www.cnbc.com/2018/05/10/ira...th-spiral-with-trump-ending-nuclear-deal.html

 

[Hypoxia]

I'm curious. When and where did Iran, Iraq, or Afghanistan attack or threaten to attack USA territory?

 

[ThatsTheGuy]

I'm curious. Since when did Iran have an economy?