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A worried Iran waits to see Trump's next move

CBS News logo CBS News 4 days ago
In this photo released by the official website of the office of the Iranian Presidency, Iran's President Hassan Rouhani speaks during a ceremony marking the beginning of new Iranian academic year at the Tehran University, in Tehran, Iran, Oct. 7, 2017. © AP Iran

TEHRAN -- Everyone in Iran's capital, from government officials to business people, was waiting anxiously on Friday to hear what action President Trump would announce against the Islamic Republic, reports CBS News correspondent Elizabeth Palmer.

Already the currency has fallen in anticipation of aggressive moves by the White House.

Iran's President Hassan Rouhani has said that if Mr. Trump tries to pull out of -- or override -- the 2015 nuclear deal, he would damage U.S. credibility in doing so, and end up isolated.

The speaker of Iran's parliament said on Friday that any U.S. move against the nuclear deal  would be an "insult" to the United Nations which, he said, would allow Iran to decide its own response. 

The powerful Iranian Revolutionary Guard Corps, meanwhile, knowing they're expected to be targeted in some way, have been sounding outright threatening.

The head of the Guard, Gen. Mohammad Ali Jafari, said this week that if new sanctions are enacted against the force, the U.S. should move all its military assets back more than 1,000 miles from Iran's borders. In other words, out of Iran's missile range.

But Palmer says behind all the rhetoric, there is real dismay. Iran, with a large, educated population and very high unemployment, needs foreign investment. 

Whatever measures the White House announces today, they are bound to scare most of that money away, which will hurt.

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