U.S. sanctions cut Iran's fuel access and squeeze its economy
Washington has intensified secondary sanctions and a fresh campaign called Operation Economic Outcast, targeting Iran's cash, financing networks and oil exports, while US bombing has damaged refinery infrastructure. Senior Iranian sources told Reuters that Iran now has about two months of fuel reserves and has been forced to import gasoline because it lacks funds for repairs. The United Arab Emirates suspended all financial dealings with Iran, and China's stance ahead of a planned White House visit could deepen Tehran's isolation. Inflation, a collapsing rial and weak wages are compounding the economic squeeze and limiting Iran's ability to bypass sanctions.
Iran has about two months of fuel reserves left.
Context
The United States recently increased sanctions and carried out bombing that damaged Iranian refineries. The UAE stopped financial dealings with Iran. China may further limit ties during an upcoming White House visit.
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