As Iran’s inflation rises due to U.S. sanctions, it is turning to Egypt for help on the trade scene. (ATTA KENARE/AFP/Getty Images)
As Iran’s inflation rises due to U.S. sanctions, it is turning to Egypt for help on the trade scene.
(ATTA KENARE/AFP/Getty Images)

As Western Sanctions Bite, Iran Seeks Greater Trade With Egypt

October 29, 2012  •  From theTrumpet.com
America’s weak-willed response to the rising threat of radical Islam is only pushing Egypt and Iran into each other’s arms all the faster!
 

During the third U.S. presidential debate, Republican challenger Mitt Romney lauded the “crippling sanctions” the Obama administration has imposed on the Iranian economy. Rather than dragging Iran back to the nuclear negotiating table, however, these sanctions that both American presidential candidates seem so proud of could end up hastening the development of an axis of terrorism between Iran and Egypt.

Under current Western sanctions, Iran’s monthly inflation rate is now approximately 70 percent, meaning everything becomes twice as expensive every six weeks. This represents the Middle East’s first-ever bout of hyperinflation.

The rest of this article is available to Trumpet online account holders. Signing up is quick and free of charge with no obligation. To get started, please click the button below.