Bebshikian Affirms Sanctions Impact Iran

Iranian President Masoud Beshzadian affirmed that U.S. sanctions imposed on Iran are detrimental to the national economy. He pointed out that exports and imports have declined by between 25% and 35% in recent months, and it is expected that gasoline prices will be raised to compensate for the decreased trade activity, including an increase in the price of the third gasoline quota from 5,000 to 10,000 Tomans. He explained that although Iran is one of the major oil producers, it maintains low fuel prices, but the impact of sanctions forces a reduction in subsidies and a need to achieve economic balance amid the circumstances of an economic war.

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