Iran leaders acknowledge economic hardship of war as U.S. steps up sanctions

Foreign trade down 35% due to sanctions and blockade, says Iranian president

By Eman Abouhassira and Yasmine Ghania and Ahmed Tolba

War weighs on Iran's economy as US intensifies sanctions

Iranian leaders are acknowledging the economic toll of war with the US, with the supreme leader urging the government to address the hardship and the president saying foreign trade has shrunk by a third due to the American sanctions and blockade. Yet Tehran signalled no retreat on Saturday, vowing to withstand US pressure, pursue diplomacy and maintain what it said was control over the Strait of Hormuz, the strategic waterway giving Iran leverage through its ability to disrupt global energy m...

By [email protected] (Reuters)

Iran's economy strains as war, US sanctions intensify

Iranian leaders are increasingly acknowledging the economic toll of the war with the United States, with the supreme leader urging the government to address growing hardships and P...

Iran president backtracks, admits US sanctions hurting economy

Iran's President Masoud Pezeshkian has admitted that US sanctions on his country are hurting its economy, despite just days ago insisting they would achieve nothing. The post Iran president backtracks, admits US sanctions hurting economy appeared first on Vanguard News.

By Henry Oduah