Iran Deputy Foreign Minister warns sanctions raise costs, inflation

Iran: Iran is the Islamic Republic of Iran, a Middle Eastern country whose economy has been subject to extensive US sanctions and enforcement actions throughout 2026, including expanded sectoral restrictions and maritime measures targeting trade routes. Deputy Foreign Minister Hamid Ghanbari's recent comments underscore Iran's official perspective on these pressures as a key foreign policy and economic challenge. The government continues to frame sanctions as a tool that raises domestic costs while benefiting competitor nations in global markets. Hamid Ghanbari: Hamid Ghanbari serves as Iran's Deputy Foreign Minister for Economic Diplomacy, a role in which he addresses international economic relations, sanctions, and trade policy. He has recently spoken publicly on how sanctions affect transaction costs, inflation, and Iran's global standing, emphasizing that new measures largely reinforce existing restrictions rather than targeting new sectors. His statements provide the Iranian government's view on the broader implications of US economic actions in 2026. `json { "Sanctions Expansion": "Recent US sanctions determinations have targeted several areas including aviation, digital assets, gold, shipping, and technology.", "Economic Effects": "Ongoing US sanctions and enforcement measures have contributed to higher costs for imports and challenges in accessing foreign currency for Iran.", "Global Positioning": "Iranian officials state that sanctions measures erode the country's competitiveness while providing advantages to its rivals in international markets." } `