An exclusive report by Fox News revealed on Saturday that US sanctions caused a dramatic decrease of pension funds in Iran, despite local officials’ denial of the impacts of the sanctions.
According to documents received by Fox, the sanctions were devastative. “The impact has been so severe that of the 18 existing retirement funds in Iran, 17 are in the red…that includes the pension funds for all of Iran’s armed forces,” said the report.
In May 2018, US president Donald Trump withdrew from Iran’s nuclear deal known as the Joint Comprehensive Plan of Action (JCPOA) and re-imposed sanctions.
“They have fewer resources. We can see it with the Shia militias in Iraq. They’re scrambling for resources. We think the Iranian government will shrink, that their GDP will shrink by as much as 12 or 14 percent this year,” Secretary of State Mike Pompeo told Fox.
“This will reduce their capacity to purchase the things they need, the equipment they need, the materials they need, to inflict terror around the world,” he added.
