'People are despairing': Iranians brace for sanctions to bite

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Gloom spreads as dollar price rockets while action is welcomed by region’s US allies

Iranians were bracing themselves for a period of economic hardship on Monday after sweeping US sanctions came into full force, leading Iran’s president, Hassan Rouhani, to describe the situation as “economic war”.

Related: Iran launches military drill in response to return of US sanctions

Related: Trump’s sanctions against Iran help the US’s enemies and weaken its friends | Simon Jenkins

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Link : ‘People are despairing’: Iranians brace for sanctions to bite

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