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War weighs on Iran's economy as US intensifies sanctions

SECTIONS War weighs · Business · 2026-08-29

War weighs on Iran's economy as US intensifies sanctions

Iranian leaders admit economic hardship from war and sanctions, while vowing to resist US pressure. President Pezeshkian stated foreign trade has shrunk by one-third due to sanctions and blockades. Supreme Leader Khamenei urged addressing inflation and job creation challenges. Iran signals no retrea... Iranian leaders admit economic hardship from war and sanctions, while vowing to resist US pressure. President Pezeshkian stated foreign trade has shrunk by one-third due to sanctions and blockades. Iranian leaders admit economic hardship from war and sanctions, while vowing to resist US pressure. President Pezeshkian stated foreign trade has shrunk by one-third due to sanctions and blockades. Supreme Leader Khamenei urged addressing inflation and job creation challenges. Iran signals no retreat, pursuing diplomacy and maintaining control over the Strait of Hormuz. War weighs on Iran's economy as US intensifies sanctions

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