Iran 's defiance of the West in favor of nuclear development puts it into economic crisis . The value of the Iranian dollar has plummeted 50 % as sanctions target the country 's central bank . led sanctions target the country 's central bank and other financial institutions . Oil prices went up 10 - fold as the cost of imports soared with a new currency .
Iran 's defiance of the West in favor of nuclear development puts it into economic crisis . The value of the Iranian dollar has plummeted 50 % as sanctions target the country 's central bank . Oil prices went up 10 - fold as the cost of imports soared with a new currency .