Iran Admits Trade Collapse

TehranForeign trade has shrunk by more than a third.

President Masoud Pezeshkian’s rare public admission confirms sanctions and the naval blockade are hurting Iran’s economy.

US sanctions can be routed around through third-country banks, but a naval blockade removes the cargo itself.

Inflation hit 66% last month; the government says curbing it is now a central focus.

Sources: Al Jazeera Online