Iran faces financial death blow because of war

Already strained by decades of sanctions and economic mismanagement, Iran faces a complete financial collapse as a result of its war with the U.S. and Israel.

The U.S. and Israel’s attack against Iran has driven international trade, the energy industry, and much of the financial system to a halt, further worsening the economic situation of the country. President Donald Trump announced on Friday that the U.S. forces had bombed Kharg Island, a key Iranian oil facility in the Strait of Hormuz.