Iranian President Masoud Pezeshkian said on Sunday that Tehran is in a full-scale war, stating that the government is seeking to overcome difficulties, Anadolu reports.

We are in a full-scale economic, military and security war, Pezeshkian said in a televised speech carried by the state-run news agency IRNA.

USA reinforces Middle East with Bombers & Electronic Warfare Jets amid Iran War Campaign

The government is ashamed that there are problems in the economy, he added.

(US President Donald) Trump easily says that they will impose the most crushing or the most terrible sanctions on Iran, Pezeshkian stated, adding that Tehran is standing firm and striving to serve the Iranian people amid what he called an unequal war.

The enemy had assessed that if Iran falls, it will become Venezuela. Not only did it not happen, but it became a power that amazed the world with its resistance, solidarity and cohesion, the president asserted.

UAE restores Passenger Air Traffic after Iran War-related disruption

Tehran is working with all our might to avoid division, conflicts and egos, he also said.

Iran and the US regime signed a memorandum of understanding in June through Pakistani and Qatari mediation, ending hostilities that began in February, and agreed to pursue negotiations toward a final agreement.

Talks have since stalled amid disputes over implementation of the memorandum and arrangements for navigation through the Strait of Hormuz, a critical route for global oil and gas exports.

Middle East Monitor / ABC Flash Point News 2026.

4 2 votes
Article Rating
Subscribe
Notify of
guest

3 Comments
Kidnapped by the System
Kidnapped by the System
Guest
August 29, 2026 17:18

What is USA’s national product?

China and Mexico do all the manufacturing.

What kind of “economic” war is USA suggesting to impose?

USA’s only product, is military war crimes.

BUT, their wars are all banker wars, and “economic”.
Despite no legitimate product.

…that might be an exploitable weakness in that.

BodySnatchers
BodySnatchers
Guest
August 29, 2026 17:19

Just for you— Iran was in economic hardship before the war, and now the Iranian rial has plummeted to historic lows, trading near 2 million rials per U.S. dollar on the open market.

Only a couple of Chinese banks are giving Iran any decent line of credit

Donnchadh
Donnchadh
Member
Reply to  BodySnatchers
August 29, 2026 18:19

Having got access to a little known Iranian internal website in English I beg to differ with your comments on the Iranian economy– Todays Tehran stock exchange shows that it surges by 162,000 points to reach -6,386,000. Iran is still exporting 1.2 million barrels of oil to China only slightly less than 2025 and that’s figures from the NYT . And contrary to your 2 million Rials post today its down to 1,374 million Rials according to Iran. Where you find your figure is on Wikipedia which is US influenced. It is also in the process of a trade agreement… Read more »