Pezeshkian says Iran will stand united amid US economic pressure

September 5, 2026 at 06:07 PM2 min

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Iranian President Masoud Pezeshkian said officials and citizens will stand united against US economic pressure, calling national cohesion enough to neutralize attempts to create discord. The US announced an 'Economic D-Day' last month, its toughest sanctions regime aimed at severing economic lifelines to the Iranian regime and IRGC. Pezeshkian said the measures will not force abrupt policy shifts, even as the rial hit a record low of over 2.25 million per US dollar.

Key Facts

The US announced an 'Economic D-Day' against Tehran last month, the toughest sanctions regime in Washington's history aimed at severing all economic lifelines to the Iranian regime and IRGC.
Iran's national currency hit a new all-time low of more than 2.25 million rials per US dollar when Tehran's market opened on Saturday.
Pezeshkian confirmed his administration will double the price of one of three tiers of petrol quotas for private vehicles over the coming weeks and reduce monthly petrol quotas.
The US military bombed an oil tanker near Iran's Kharg Island on Saturday, days after another round of attacks on southern Iran and shipping in Hormuz.

US Sanctions Pressure

The US announced an 'Economic D-Day' against Tehran last month, the toughest sanctions regime in Washington's history aimed at severing all economic lifelines that sustain the Iranian regime and the Islamic Revolutionary Guard Corps. President Masoud Pezeshkian said the economic measures will not force his government to make any abrupt policy shifts, which might lead to further unrest. He told officials on Friday that through war, blockade and sanctions, enemies seek to create division, fissures and unrest inside the country.

Economic Strain

Iran's national currency hit a new all-time low of more than 2.25 million rials per US dollar when Tehran's market opened on Saturday. Pezeshkian confirmed his administration will still double the price of one of three tiers of petrol quotas offered to private vehicles over the coming weeks and reduce monthly petrol quotas. Iran faces critical energy supply shortages due to rampant fuel smuggling, severe damage or neglect of oil and gas infrastructure, and expensive yet low-quality, fuel-hungry vehicles. Any wider petrol price hike would impact logistics costs and feed rampant inflation, which is affecting all Iranian households, the president indicated.

Military Confrontation

The ongoing military confrontation between Iran and the US, a major catalyst for Tehran's economic decline, shows no sign of abating. The US military bombed an oil tanker near Iran's Kharg Island on Saturday, several days after another round of attacks on southern Iran and shipping in Hormuz. Washington has prevented Iranian tankers from leaving the country's southern shores as part of its naval blockade to choke off crude exports. Iran's government has said it will return to commitments under a memorandum of understanding signed between Washington and Tehran in June if the US does the same.