As Iran’s economy crashes, sanctions could yet bear fruit
It has taken more than six years, but the day that State Department officials have been waiting for has finally come: the Iranian economy appears to be teetering on the brink of collapse, thanks to a chokehold of unprecedented international sanctions. On Monday and Tuesday, Iran’s currency lost 40 percent of its value. Protests have erupted in Tehran over the skyrocketing price of food. On Thursday, the regime arrested more than a dozen people on charges of manipulating the currency.