Basnett: Iran’s economy is facing inflation and a decline in currency value
Scott Basnett, the U.S. Secretary of the Treasury, claimed that the value of Iran’s national currency has drastically decreased and inflation has reached an unprecedented level.
He referred to the long fuel lines and said that despite having extensive energy reserves, Iran has become dependent on fuel imports. Basnett compared Tehran’s recent reactions to the behavior of a wounded and trapped creature.
