According to Secretary of State Mike Pompeo, the Iranian economy is headed for a deep recession.

In a tweet Monday, Secretary Pompeo said the Ayatollah regime is ruining the Iranian economy by moving money out of the country instead of creating jobs.

He pointed to a recent report from the International Monetary Fund that forecast Iran’s GDP would fall 3.6-percent next year.

Pompeo’s remarks come just ahead of a U.S. oil embargo against Iran due on Sunday, November 4.

In the meantime, the Ayatollah Regime is seeking to maintain its business ties with the EU and protect itself from internal dissent.

“Russia, China, India, European Union, some African countries and some countries from Latin America, they are our friends — we should work with them,” stated Iranian President Hassan Rouhani. “The U.S. showed that it not only opposed Iran’s government and not only Iran’s regime, but it is opposed Iran and Iranian nation.”

Secretary Pompeo also said Iran’s economic struggle is a result of its support for the Assad government in Syria.

Source » oann