Iran emphasises self-sufficiency in battle against US economic war
Tehran, Iran – Iranian authorities are adamant that their country’s domestic capacities will be able to keep the country’s economy afloat, despite new economic sanctions targeting Iran unveiled by the United States this week. The US aims to use the sanctions to force Iran into submission in the six month-long war between the two countries.
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Key Facts
- Fact 1: Iran’s national currency fell to a new all-time low of 2.05 million rials against the US dollar on the open market on Tuesday, before slightly recovering on Wednesday.
- Fact 2: To reduce its reliance on food imports for a population of around 90 million, the government claims that Iran can produce 85 percent of its agricultural products domestically, even as concerns remain over what the increase in domestic agricultural production means for Iran’s dire water scarcity problems.
- Fact 3: Agriculture Minister Gholam-Reza Nouri said on state television on Tuesday that Tehran aimed to increase domestic food self-sufficiency to 90 percent in the short-term, ahead of ultimately producing all of the country’s essential food domestically.
- Fact 4: Nouri said that Iran imports about $16bn and exports $8bn in agricultural products – although exports of some products were suspended in March shortly after the start of the war.
Tehran, Iran – Iranian authorities are adamant that their country’s domestic capacities will be able to keep the country’s economy afloat, despite new economic sanctions targeting Iran unveiled by the United States this week. The US aims to use the sanctions to force Iran into submission in the six month-long war between the two countries.
But Iran’s government says it is prepared, with Economy Minister Ali Madanizadeh referring to a two-year plan on state television on Monday night. Trump tells Al Jazeera ‘not in a hurry’ for Iran to return to talks Iran, Oman agree on temporary Hormuz route: What we know Why India is sharing missile secrets with its private sector “We have our own tools and we also know the game,” Madanizadeh said, in reference to Iran’s years of experience in trying to circumvent sanctions. He added that Tehran could potentially “go on the offensive” in a world where the US was no longer the only dominant force, and was confidant that many countries would effectively reject US President Donald Trump’s threats to cut off all links with Iran.
(Original synthesis pending human/AI review — generated by the stub provider by selecting real sentences from the source material, not by writing new analysis or commentary.)
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