In a sweeping escalation of economic pressure on Russia, the U.S. Department of the Treasury said that it will be imposing full blocking sanctions on its two largest oil companies, Rosneft and Lukoil,

Iran's economy is at risk of simultaneous hyperinflation and severe recession, officials and analysts say, as clerical rulers scramble to preserve stability with limited room to manoeuvre after a snapback of U.

"I think we need to move," the Senate majority leader said, shortly after President Trump shared that he was on a call with Russian President Vladimir Putin.

The Iranian middle class, long a force of political moderation, stability, economic growth, and the base of the country’s reform movement, is shrinking fast under the pressure of Western sanctions, researchers say.