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. Iran’s leaders have acknowledged the mounting economic damage of six months of war with the United States, with the president saying foreign trade has shrunk by more than a third under US sanctions and a naval blockade.
Why It Matters
This story touches on united-states, iran, leaders — topics readers are actively tracking. Review and add editorial context before publishing.
Key Facts
- Fact 1: Iran’s president said sanctions and the US naval blockade had caused exports and imports to slump by nearly 35 percent.
- Fact 2: President Masoud Pezeshkian told state media that exports and imports had slumped nearly 35 percent because of sanctions and the blockade of Iranian ports.
- Fact 3: He said Iran had nonetheless managed to sell about 90 million barrels of oil during the short-lived Memorandum of Understanding (MoU) signed with Washington in June, when oil sales were briefly permitted.
- Fact 4: Supreme Leader Ayatollah Mojtaba Khamenei, who has not been seen publicly since the US and Israel launched the war on February 28 with an attack that killed his father, Ayatollah Ali Khamenei, called on the government to tackle the hardship.
Iran’s president said sanctions and the US naval blockade had caused exports and imports to slump by nearly 35 percent. Iran’s leaders have acknowledged the mounting economic damage of six months of war with the United States, with the president saying foreign trade has shrunk by more than a third under US sanctions and a naval blockade.
The admissions came on Saturday as Tehran signalled it would not back down, pledging to withstand US pressure, pursue diplomacy and maintain what it says is control over the Strait of Hormuz. Qatar PM visits Tehran as Iran faces mounting US economic pressure Iran, Qatar hold Hormuz talks amid int’l hopes dialogue with US will resume Iran says it will name its terms for reopening Strait of Hormuz The government said addressing the economic fallout was now a central focus, including curbing inflation, creating jobs and gradually reducing dependence on the dollar. President Masoud Pezeshkian told state media that exports and imports had slumped nearly 35 percent because of sanctions and the blockade of Iranian ports.
(Original synthesis pending human/AI review — generated by the stub provider by selecting real sentences from the source material, not by writing new analysis or commentary.)
Keep Reading
White House unveils more details of Trump’s Venezuela oil deal
Moment motorcyclist flies through bus door, avoiding deadly crash
Nepal-Tibet floods live: Rescue efforts under way, death toll crosses 1,000
