Iran Faces Severe Economic Toll From US Sanctions
Iran acknowledges deep economic hardship from US sanctions and war as annual inflation reaches 66 percent. President Pezeshkian says trade has dropped by a third, while Tehran vows to maintain defense and pursue diplomacy.
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Iran acknowledged an economic slump as foreign trade dropped 35% under intensified United States sanctions and blockades six months into the conflict. Annual inflation reached 66% last month, compounding financial strains across the country. The economic pressure comes as negotiations remain at an impasse following military escalations.
