Monday he said they would deny irans Supreme Leader and his affiliates access to resources and the u. S. Financial system the white house added that anybody conducting transactions with sanctioned individuals may be exposed to sanctions themselves. Which are now iranian officials brushed off washingtons latest move saying it wouldnt hurt at all but by the looks of it the u. S. Is strategy of strangling irans economy by piling up sanction after sanction has had an impact. Iran is feeling the pinch the reintroduction of u. S. Sanctions has had a crippling effect on the economy the value of the reale has plummeted pushing inflation to over 30 percent and u. S. President Donald Trumps attempt to destroy the countrys oil industry is having an effect to the influential middle classes are among those hard hit. Dang it is the economic war is a reality and people are under extreme pressure they keep on telling us to be strong but we can already hear the sound of our bones breaking under this pressure. Some iranians are being pushed below the poverty line. As far as i can see peoples purchasing power has been more than halved anyone earning between 1000500 to 2000002 months a month between 36. 48 u. S. Dollars who also need to pay rent wont even be able to afford to buy bread and potatoes is unimaginable. The. Lifting of sanctions in 2016 spurred rapid growth of more than 12 percent but their reimposition last year dealt a massive blow the International Monetary fund is forecasting the iranian economy will shrink by 6 percent this year. The withdrawal of Foreign Companies has also driven up and employment european firms that have left include car makers most eightys and persia oh but smaller firms are also becoming increasingly wary of doing business in iran. Should iran follow through on its threat to enrich uranium beyond permitted levels the nuclear deal could collapse entirely in that case u. N. Sanctions would also be reimposed a move that could bring irans economy to its knees. Of war and the story of a cross over to our wall street correspondent am scored against tensions between the u. S. And iran are on the rise what are markets making of it. Well the biggest impact that were seeing right now is the price of oil since the u. S. Drone was shot down last week to say the price of oil has increased by more than 10 percent other than that especially if you look at the dealings between iran and the United States well sanctions are in place for quite some time terror on and iran is pretty much shut off from the Global Financial markets there is a ban on oil exports from iran in paris and actually u. S. Entities are not allowed to do any business dealings with iran for quite some time so in that regard or in that respect the biggest impact so far is on the Global Oil Markets by the way we just heard from tehran that theyre saying theyre capable of shooting down even more u. S. Drones them so that does not really sounds like tensions will vanish anytime soon so we have these geopolitical issues on the one side on the other side u. S. Markets continue to be on track for a very good month whats driving this trend. Well basically the hold the Federal Reserve will cut Interest Rates by the end of next month then there is also hope that there might be progress in the trade talks between the United States and china by when they come together at the g 20 meeting and of this weekend if you look at the markets overall even if it was a slow start to the new week the s. And p. 500. 00 so far this year is up by about 18 percent for the best 1st half on wall street since 1997 and for the month of june blue chips are actually on its way for the best june since 1938 so in more than 80 years overall wall street is the mood at this point all right again scored in new york thank you. And now to some of the other business stories making the news the u. S. Federal reserve is closing dodger bank on its reported plans to create a socalled bad bank and to shrink or even close large parts of its Investment Banking outside europe the fed want to know what the implications are for its business in the United States bitcoin has surged past 11000. 00 for the 1st time in more than a year boosted by a weaker dollar and fresh enthusiasm for crypto currency the Digital Currency is a tory is fords volatile price swings between 20162018 investors saw bitcoins soar from just a few 100. 00 to more than 20000. 00 before plummeting again french Supermarket Chain kind of fool has sold a majority 80 percent stake in its China Business to domestic rival sunning the deal is worth 620000000 euros california has faced fierce competition from chinese booming online markets and domestic rivals. While german carmaker dialer has cut its profit forecast for 2019 it is. These 3rd such warning the god based company has made so far this year says a higher than expected bill for Software Upgrades of do the beatles is responsible part of the continuing fallout of the emissions cheating scandal the profit warning comes at a decisive moment for the. Parent company its new boss. Has met with german chancellor Angela Merkel along with other car industry bosses to discuss the future of the sector here in germany. And at this meeting government officials pushed the car industry to increase efforts to find alternative ways to power their vehicles but with over 800000 people working in the Auto Industry c. E. O. s argue that taxpayers should help fund their shift to cleaner technology. This is the 1st electric car made by mercedes the e. Q. See will be available this fall it illustrates however the plight of the german Automotive Industry they opted for electric vehicles very late now theyre playing catch up with a little help from the german state. Ahead of the car summit german economics minister peter meyer called on all Car Manufacturers to cooperate he wants to make germany the World Champion in the construction of environmentally friendly cars for their part carmakers have demanded Financial Support from the government they say the state should offer incentives for motorists to buy ecards because they are an average 10000 euros more expensive than gasoline or diesel cars the government should also aid the construction of charging stations in residential areas like supermarket parking lots and motorways and theyre pushing for all public vehicles to be eview calls germanys most powerful auto lobby argued in a newspaper article that these measures can be made affordable at least partly through putting a c o 2 tax on conventional cars the aim would be to encourage drivers to switch to eco ours but environmentalist say that doesnt go far enough greenpeace for example demands a ban on the sale of petrol and diesel cars as early as 2025. Now if it comes out of the ocean and is even raul youll most likely find it on a japanese menu even whale meat the country assumes commercial whaling next months boarders worry about Food Security for the island nation but the question is whether theres even a market for it once a National Seafood staple in japan whale meat has been in short supply since 1906 when it global ban on commercial whaling made the meat a rare and more expensive item but in a few fishing villages like minami bosso located about 100 kilometers south of tokyo where meat still plays a role for the local economy. I married into this family 10 years ago and took over the Restaurant Business back then our customers were either the older generations or tourists traveling on motorcycles but now we have many families with small children that visit our restaurant without. Someone. For decades japans whale supplies have come from new expeditions to the Antarctic Ocean where a certain number of whales were allowed to be caught supposedly for Scientific Research purposes in reality most ended up on plates something for which japan has faced intense criticism last december japan withdrew from the International Whaling commission so that it could hunt for whale in its own waters again however whale meat accounts for just north point one percent of all meat sold in japan and there are thought to be just 300 people connected to the countrys whaling industry. Theyre just taking anything more historically speaking of the connection between japanese people and whales has always been strong but well meet is far less popular than before port now i think thats a crisis not just for us but for the japanese people when you. Get up there. Although those still connected to the well again history would like to see an increase in demand for the meat it may well be that the ship has sailed on a practice that has become more associated with controversy and culture. And thats our show thanks for watching survivor them on. My. First day in school. The 1st economists of the minimum doors grandmother arrives in the join your ranting on her journey back to freedom. In our interactive documentary on the storm and on ranting returns home on the w. Dot com bring a tank. The quiet melody resounds why the white on the moon. And in some remains resonate when its. The mind and the music. Brain tovan 1st won the 29 team from september 6th to september 29th. What secrets why behind the small. Find out in a must. Experience and explore fascinating world Cultural Heritage sites. W World Heritage for 6050. 4 immigrants leaving europe for the new world the passage across the atlantic was the 1st of many adventures. At their destination they were greeted by a spectacular backdrop. Manhattan. In the harbor they were welcomed by a goddess of the modern age holding high a promise anyone seeking to better their