Pezeshkian says Iran faces economic difficulties

Iranian President Masoud Pezeshkian has acknowledged difficulties within the country as Washington plans to tighten sanctions on Tehran.

The government is committed to reducing inflation, Pezeshkian said in a speech, according to a statement on the president's official website.

He also spoke of "major imbalances in water, electricity, gas, fuel, the environment and the banking sector," which his government had "inherited."

Pezeshkian said Iran had faced a combination of war, sanctions, political pressure and assassinations since his administration took office.

In his speech, Pezeshkian also appeared to address the latest threat from US President Donald Trump, who - almost six months after the start of the military conflict - had threatened Iran with an economic war.

According to the statement, Pezeshkian said Iran was facing "an all-out economic, military and security war," noting that enemies had openly threatened to impose unprecedented sanctions on the country.

Pezeshkian said the country would withstand the pressure as the people stood united and were resilient.