>> The Iraqi holy city of Najaf is becoming collateral damage from US sanctions on another country, neighboring Iran. Najaf is very important to Shia Islam and the majority of Iranians are Shia. Every year, hundreds of thousands of Iranians used to come here as pilgrims, that tourism was the backbone of the city's economy, not anymore.
>> Sometimes days will pass, more than a week or ten days, and we make no more than one riyal.>> Many shops have been forced to close and end their business completely.>> After the sanctions were imposed, religious tourism business at hotels came to a complete halt.>> Majid Aida Jani runs the Aida Hotel in Najaf.
He and the city's hotel and restaurant association told us roughly 80% of the hotels here have shut down. Now, he's afraid of what's going to happen to all those people who lost their jobs.>> Unprecedented financial pressure on the Iranian regime.>> Washington reimposed sanctions in Iran when the US pulled out the Iran nuclear deal last May.
Iran's economy had been fragile already, but that set the worth of Iranian currency into free fall. More sanctions are expected to hit next month.