War weighs on Iran's economy as US intensifies sanctions

Iran is grappling with severe economic strain as the United States intensifies financial sanctions and a naval blockade. Per Dawn, President Masoud Pezeshkian reports that foreign trade has dropped by roughly thirty-five percent, while annual inflation reached sixty-six percent last month. Despite these pressures, Tehran says it will continue to pursue both diplomacy and defense, maintaining that the strategic Strait of Hormuz remains closed to ships without Iranian permission.

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