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

Iran's leaders have acknowledged the significant economic impact of six months of war with the United States. President Masoud Pezeshkian stated that foreign trade has declined by nearly 35 percent due to US sanctions and a naval blockade. The government is prioritizing economic recovery, aiming to reduce inflation, create jobs, and lessen dollar dependency. Supreme Leader Ayatollah Mojtaba Khamenei also called for urgent action to address economic hardships, including inflation and unemployment, which have reached critical levels. Despite these challenges, Iran has pledged to withstand US pressure, pursue diplomacy, and maintain control over the Strait of Hormuz.

Iranian leaders have acknowledged the significant economic impact of tensions with the United States. President Hassan Rouhani reported that foreign trade has decreased by 35 percent, attributing this decline to American sanctions and blockades. Supreme Leader Ayatollah Ali Khamenei has urged the government to address the resulting economic hardship. These admissions come as other Iranian leaders issue threats of military retaliation against the US and assert control over the Strait of Hormuz. The US administration has intensified financial pressure on Iran, warning countries to reduce business ties or face secondary sanctions, though major trade partners like China and India have not yet been penalized.