Iranian President Masoud Pezeshkian has acknowledged that U.S. sanctions are taking a measurable toll on Iran’s economy, reversing earlier assurances from Iranian officials that the measures would have little practical effect on the country’s financial health.
The admission marks a notable shift in Tehran’s public posture, which had long sought to project economic resilience in the face of American pressure. Sanctions targeting Iranian oil exports and financial institutions have been a central tool of U.S. policy toward Iran, particularly as negotiations over its nuclear program have stalled.
The concession comes amid broader tensions in the region, including recent U.S. military strikes on Iranian launchers that sent oil prices higher and raised concerns about stability in the Strait of Hormuz. Analysts have noted that sustained sanctions enforcement, combined with limited access to international markets, has constrained Iran’s ability to stabilize its currency and fund government operations.
No specific economic figures were provided by Pezeshkian in his remarks. Further statements from Iranian officials are expected as diplomatic and economic pressure continues.