Impact of Sanctions on Iran's Economy

I mean, Nicole, it's very important for me to inform your

viewers that we're looking at historic changes.

We're looking at a pivot

in the history of sanctions against the Islamic Republic of Iran.

This is a very, very monumental moment because the

UAE until now, some companies in Dubai

continue to do business. Iranians, it was the

lifeline of the Iranian access to foreign exchange,

despite the fact that the UAE was being attacked by the, by the

Iranians. There were some people in the UAE who

were, were still

hesitant to stop doing business with Iran because so much of their businesses

relied on it. Some of them had families.

Some of the UAE families have Iranian background.

There's a very strong Iranian presence in Abu-- in, in Dubai,

much less in Abu Dhabi. But in Dubai, the Iranians, there was still a lot of

business going on between Iran and, um, and,

and Dubai in terms of, uh, crypto, in terms of access to

foreign exchange and banking.

And

until now, it was difficult to imagine that this

is gonna stop, but

now it has stopped. It has stopped.

The UAE is responsible for at least thirty percent of all of Iran's imports.

The UAE is the lifeline in terms of access to Iranian foreign exchange.

Nicole, this is not an ordinary day in the history

of

sanctions against the Islamic Republic of Iran.

This is a new chapter, and this is going to, uh,

create a lot of pain for the regime because it comes at a

time when there's also a blockade imposed

against Iran as a result of which it cannot sell its oil.

So both of these two factors together, the Islamic Republic is

looking at a new monumental challenge in terms of sanctions.