Treasury's Strategy Deemed ‘Devastating’ for Iran’s Economy

According to US diplomat Michael Walz, the Treasury Department’s latest measures are expected to cripple Iran’s economic lifelines. He described the policy as having a “devastating effect” on Iranian markets, eroding the value of the rial and stoking hyper‑inflation. Tehran’s officials, Walz said, are preoccupied with unlocking frozen assets and securing liquidity, rather than military concerns. The ambassador argued that sustained pressure on cash flow and trade routes will ultimately force the Iranian leadership to reconsider its position and move toward the concessions outlined by the United States.