Iran Acknowledges War's Economic Hit as Trade Falls 35% Amid US Sanctions
Iranian officials admit that the six-month conflict with the United States has slashed trade by 35%, while Washington threatens secondary sanctions on partners.
Six months into the confrontation with the United States, Iran's leadership confirmed a 35% decline in trade volumes. The Trump administration has intensified financial pressure, labeling the effort an “economic D-Day.” Tehran warns that its navy still controls the Strait of Hormuz, giving it leverage over global energy flows. Washington has urged nations to sever commercial ties with Iran, though the Treasury Department has not yet sanctioned major partners such as China and India.
Why it matters
The trade collapse and looming sanctions could destabilize global markets and energy supplies.
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