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Iran's economy is on the brink thanks to the Trump administration’s sanctions, according to the International Monetary Fund (IMF).
Iran is in a deep recession, with inflation at roughly 40 percent, the organization said, marking the highest such level since 1980.
The crisis is intensifying a chasm between President Hassan Rouhani's allies and those who oppose diplomatic exchanges with the U.S. government, the Financial Times noted.
And Iran’s problems are expected only to worsen once President Trump's promised sanctions on the leading buyers of the Islamic Republic’s oil take effect. They include Japan, South Korea, Turkey, India and China.