Due to U.S. economic pressure measures against Iran, Iran's inflation rate is reported to be exceeding 200%.
Scott Bessent, the U.S. Treasury Secretary, said on the 3rd at a Senate Finance Committee hearing on next year's Treasury budget that the United States has "dealt a severe blow to Iran's economy and Iran's ability to wage war" by freezing the Iranian regime's asset, among other steps.
He added that "inflation is estimated to have exceeded 200%, and Iran's currency value has plummeted," noting that a considerable number of Iranian soldiers are not being paid and that police are reportedly not showing up for work.
According to Minister Bessent, the United States has decided to maintain a dedicated workforce to track illegal transaction routes for Iranian crude oil and energy resources and to enforce related sanctions. This was also reflected in the fiscal 2027 U.S. Treasury budget proposal.
While continuing end-of-war talks with Iran, the United States is expanding sanctions on individuals and corporations involved in the sale of Iranian crude oil and weapons production through the economic pressure operation against Iran, "Economic Fury." The plan is to squeeze the Iranian regime's funding sources through this. The Treasury Department recently said it had seized Iranian-owned virtual currency asset worth about $1 billion (about 1.5 trillion won).