Politics
Treasury Department says Iran’s economy cratering, inflation at 90 percent
Sarah Davis·The Hill·October 30, 2026

The U.S.’s economic isolation campaign against Iran is “decimating” the country’s economy, according to a Treasury Department report released Friday. The Trump administration launched its sweeping economic pressure campaign, dubbed Operation Economic Outcast, at the end of August. During a Wednesday appearance on CNBC, Treasury Secretary Scott Bessent said the effort has been “very successful.”…
Read the full story at The Hill →