Iran Faces Renewed Sanctions: A Nation at Crossroads
Iranian President Masoud Pezeshkian expressed resilience in the face of renewed U.N. sanctions, emphasizing unity over despair. As Iran preps for a harsh response, the country's economy suffers, marked by a plummeting rial. Despite diplomatic efforts by Russia and China, the sanctions, including an arms embargo, are set to return.
As Iranian President Masoud Pezeshkian returned from New York, he reassured citizens that renewed global sanctions over Iran's nuclear programme were not catastrophic but called for unity against external pressures. The sanctions, triggered by violations of a 2015 nuclear agreement, threaten significant economic repercussions.
This response has seen Iran recall ambassadors from European nations for consultations, warning of potential severe consequences for Western countries. Despite these tensions, Iran remains committed to the nuclear Non-Proliferation Treaty. Diplomatic efforts by Russia and China to stall the sanctions were unsuccessful at the U.N. Security Council.
Sanctions have seen Iran's already struggling economy hit further as its rial currency reached a historic low. The renewed U.N. sanctions entail an arms embargo, bans on uranium enrichment, reprocessing activities, and ballistic missile work. Past Israeli airstrikes have targeted Iran's nuclear facilities, fueling ongoing international tensions.
(With inputs from agencies.)
- READ MORE ON:
- Iran
- sanctions
- nuclear
- Pezeshkian
- economy
- U.N.
- rial
- arms embargo
- uranium
- diplomatic
ALSO READ
Next-Gen GST Reforms: A Boost to India's Economy and Vision
Iran Recalls Ambassadors Amid U.N. Sanctions Dispute
GST 2.0: A Boon for Consumers and Economy
World Bank Sees Recovery in CAR Economy, Calls for Reforms and Investments
Netanyahu Denounces Western Support for Palestinian Statehood Amid U.N. Tensions
Google News