Trump says Iran's economy is collapsing. A former central bank adviser in Tehran pushes back
Iran's economy is deteriorating under the weight of mounting sanctions, but far from unraveling, a former adviser to Iran's central bank told CNBC.
Last updated: 2026-08-20 10:33:35 ET
Iran's economy is deteriorating under the weight of mounting sanctions, but far from unraveling, a former adviser to Iran's central bank told CNBC.
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The U.S.-Iran deal was supposed to open the Strait of Hormuz while they negotiated a final deal on Tehran's nuclear program within 60 days.
Tehran has asserted that the Strait of Hormuz is "under Iran's control and management" after President Trump said the U.S. might "keep it."
President Donald Trump said that his policy toward Iran has shifted to “low-keying it” and “semi-negotiating,” while noting the regime struggl...
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