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Iran Acknowledges Economic Impact of War and Sanctions

Updated 2026-08-29 10:40 UTC 1 source Negative

Iran's president acknowledged the economic toll of war and US sanctions, pledging to focus on diplomacy and defence. Exports and imports have declined by nearly 35 percent.

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Al Jazeera

Iran’s leaders acknowledge economic toll of war, pledge diplomacy, defence

Iran's president said sanctions and the US naval blockade had caused exports and imports to slump by nearly 35 percent.

2026-08-29 10:09 UTC