Iran Denies Imminent Economic Collapse, US Says Revolutionary Guard Faces Funding Shortages
Iranian authorities have denied the imminent collapse of the economy but acknowledged the financial challenges posed by US sanctions and war. Last week, General Michael Kurilla, commander of US Central Command, claimed that the US had prevented at least $25 billion in Iranian crude oil exports and helped freeze approximately $350 million in cryptocurrency assets, leading to a funding shortage for the Islamic Revolutionary Guard Corps (IRGC) and its regional allies. Earlier this month, Iranian Central Bank Governor Abdolnaser Hemmati stated that the Iranian economy has shown good resilience and that the collapse theory is an "illusion." On Sunday, Iranian President Ebrahim Raisi acknowledged problems caused by military attacks and naval blockades but stated that the government is relying on domestic capabilities to cope and that consumption management has eliminated $12 billion in gasoline import demand.
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