Tehran, Iran (CNN)Even before the United States reimposed a raft of sanctions on Iran Tuesday, the mere threat of them had begun to hit home for people in the capital Tehran.
Take Hamid, a 29-year-old who recently lost his job at car manufacturer Renault. Like a number of businesses in Iran, Hamid said, Renault has been hit by the collapse of the Iranian rial, which has plunged in value since US President Donald Trump declared he would withdraw from the Iran nuclear deal.
Then, in July, Renault said it was likely to put its business development in Iran on hold as the company intended to “comply full with US sanctions,” Reuters reported.
