IRGC Accuses US of Using Nuclear Pretext to Plunder National Wealth

• by Akanksha Mishra
• 2026-09-30 14:55:00

In an unprecedented economic freefall driven by tightening sanctions, naval blockades, and intensifying Middle East conflict, Iran's national currency, the rial, has crashed to an all-time low, crossing 2.5 million rials against one US dollar on the open market in Tehran. Amid the deepening financial strain, Islamic Revolutionary Guard Corps (IRGC) spokesperson General Hossein Mohebbi issued a scathing rebuke against Washington, accusing the United States of weaponizing Tehran's nuclear program as a geopolitical smokescreen to pillage Iran's natural wealth and re-establish imperial control.

Currency Freefall and Deepening Economic Pressures

The sudden plunge on the foreign exchange market in Tehran underscores the devastating toll of prolonged international isolation and armed conflict:

Rapid Currency Depreciation: Just 27 days after breaching the 2.2 million threshold on September 2, open-market money changers in Tehran crossed the 2.5 million rial mark, reflecting severe public anxiety and hyper-inflationary pressures.

Blockade and Sanction Impact: The relentless devaluation follows the strict US naval blockade imposed on Iranian oil shipments and comprehensive economic sanctions introduced since hostilities flared in February, effectively choking off critical foreign revenue channels.

IRGC Urges American Public to Protest Ahead of US Midterms

Addressing international and domestic media in Tehran, IRGC spokesperson Gen. Hossein Mohebbi directed an unusual, direct appeal to the American electorate:

Call for Anti-War Demonstrations: Mohebbi urged everyday US citizens to hit the streets in protest against Washington's military interventions, asserting that the only viable path to regional peace is for the US administration to acknowledge its miscalculations and fully withdraw from the Middle East.

Allegations of Economic Plunder: Strongly pushing back against Western rhetoric, the military spokesman accused the US of using Iran's civilian nuclear research as a pretext to plunder national resources and turn the sovereign nation into a colony, claiming foreign military and financial coercion will never force Tehran into surrender.

High-Stakes Diplomacy Over the Strait of Hormuz

While military rhetoric heats up, back-channel diplomatic mechanisms are simultaneously scrambling to de-escalate the volatile standoff around global energy chokepoints:

Araghchi Confirms Narrowed Negotiations: Iranian Foreign Minister Abbas Araghchi revealed that indirect dialogue with the US has gained serious traction, with active discussions focused strictly on restoring maritime access through the critical Strait of Hormuz.

Mediation Channels: Speaking after high-level meetings with Qatari and Pakistani interlocutors at the UN General Assembly in New York, Araghchi confirmed that Qatari diplomats are relaying counter-proposals between Washington and Tehran.

Proposal Framework: Negotiations continue despite the Trump administration's initial dismissal of Tehran's offer, which proposed unblocking the vital shipping strait within seven days in exchange for lifting port blockades, unfreezing overseas bank reserves, and granting waivers on petroleum exports.

Washington Forecasts Economic Breakdown

In Washington, top administration officials maintain that maximum pressure campaigns are rapidly exhausting Tehran's fiscal runway:

White House Assessment: US President Donald Trump and national security aides have insisted that Iran cannot sustain long-term conflict under complete economic strangulation, predicting the crisis will reach a turning point following the upcoming US elections.

State Department Stance: US Secretary of State Marco Rubio told Fox News that the regime faces imminent economic collapse, arguing that cutting off maritime oil revenues systematically deprives Tehran of funds required to sustain regional proxy networks, ballistic missile systems, and nuclear capabilities.

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