On Sunday, Iranian Foreign Minister Javad Zarif spoke to a gathering of Iranian business leaders and diplomats in an attempt to salvage some confidence in the country’s economy as it faces down the threat of renewed US sanctions and the persistence of an economic crisis that has seen the value of the national currency fall to record lows. Following US President Donald Trump’s withdrawal from the 2015 Iran nuclear deal this past May, sanctions are scheduled to snap back into place on Iran after the first week of August. Additionally, secondary sanctions targeting entities throughout the world that do business with Iran will be fully re-imposed on November 4.