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World
An Iranian parliamentarian stated that the maritime blockade on Iran has caused a notable budget deficit during the first quarter of the Iranian year.
An Iranian parliament member revealed that the maritime blockade imposed on Iran has resulted in a significant budget deficit during the initial three months of the year.
Mohsen Zangeneh, a member of the Planning and Budget Committee in the Iranian parliament, explained that the blockade restricted the flow of imports and exports. Alongside declines in oil revenues, tax income, and foreign currency earnings, this contributed to the budget deficit recorded in the first quarter of the Iranian year, which began on March 21.
He further noted that Tehran exerts pressure on the U.S. economy by closing the Strait of Hormuz; however, according to Zangeneh, the United States enforces a blockade behind the strait that limits Iranian trade movements.
Zangeneh added that these conditions have led to decreases in oil revenues, profit taxes, and foreign currency returns, placing substantial strain on the country's public finances, as reported by the "Nood Eghtesadi" website.
He expressed hope that the end of the war and the lifting of sanctions will boost oil and tax revenues, initiate economic recovery and reconstruction, and facilitate the return of frozen Iranian assets abroad.
The U.S. maritime blockade on Iranian ports began on April 13, with ongoing negotiations between the U.S. and Iran continuing alongside the blockade, as confirmed earlier by U.S. President Donald Trump.
Regarding the situation in Bab al-Mandab, the Southern Transitional Council emphasized the necessity of involving the council to ensure security in the area.
On Monday evening, during a press briefing while returning from New York to Washington, President Trump stated that the United States is close to reaching a "very good and strong agreement with the Islamic Republic," adding that there are no major points of disagreement in the negotiations.
