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Thu 26 Jul 2012 10:35 AM

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Iran sanctions start to bite

Top government officials and lawmakers in the Islamic republic agreed in a meeting to budget cuts in a bid to shore up an economy struggling with Western sanctions and inflation, media reported

Iran sanctions start to bite
A picture taken on July 24, 2012 shows an Iranian man buying fresh chicken at a paultry shop in Tehran as top government officials and lawmakers in the Islamic republic agreed in a meeting to budget cuts in a bid to shore up an economy struggling with Western sanctions and inflation, media reported. The United States and the European Union this month severely ramped up their sanctions on Iran with the aim of strangling its oil-export dependent economy in a bid to force it to roll back its nuclear activities. (AFP/Getty Images)
Iran sanctions start to bite
A picture taken on July 24, 2012 shows an Iranian man buying chicken at a fresh paultry shop in Tehran as top government officials and lawmakers in the Islamic republic agreed in a meeting to budget cuts in a bid to shore up an economy struggling with Western sanctions and inflation, media reported. The United States and the European Union this month severely ramped up their sanctions on Iran with the aim of strangling its oil-export dependent economy in a bid to force it to roll back its nuclear activities. (AFP/Getty Images)
Iran sanctions start to bite
An Iranian drives a locally-manufactured Peugeot 206 car in central Tehran on July 24, 2012, as top government officials and lawmakers in the Islamic republic agreed in a meeting to budget cuts in a bid to shore up an economy struggling with Western sanctions and inflation, media reported. The United States and the European Union this month severely ramped up their sanctions on Iran with the aim of strangling its oil-export dependent economy in a bid to force it to roll back its nuclear activities. (AFP/Getty Images)
Iran sanctions start to bite
A picture taken on July 24, 2012 shows Iranians buying chicken at a fresh paultry shop in Tehran as top government officials and lawmakers in the Islamic republic agreed in a meeting to budget cuts in a bid to shore up an economy struggling with Western sanctions and inflation, media reported. The United States and the European Union this month severely ramped up their sanctions on Iran with the aim of strangling its oil-export dependent economy in a bid to force it to roll back its nuclear activities. (AFP/Getty Images)
Iran sanctions start to bite
Iranians shop in central Tehran on July 24, 2012 as top government officials and lawmakers in the Islamic republic agreed in a meeting to budget cuts in a bid to shore up an economy struggling with Western sanctions and inflation, media reported. The United States and the European Union this month severely ramped up their sanctions on Iran with the aim of strangling its oil-export dependent economy in a bid to force it to roll back its nuclear activities. (AFP/Getty Images)