Iran reports sharp GDP and energy-sector contraction amid war pressure
Iran's official data shows the economy contracted sharply in the first quarter of the Persian calendar year, with the oil and gas sector taking the biggest hit. The figures point to mounting pressure on Tehran's economy as the war with Israel and related US pressure continue to disrupt exports and trade. The decline was recorded over the period from March 21 to June 20.Data released by the government-administered Statistical Center of Iran showed gross domestic product fell 10.1% year-on-year in that period. Crude oil and natural gas activity contracted 26.4% compared with the same quarter a year earlier, while GDP... [Continue Reading]
360LiveNews | 21 Sep 2026 12:00 LONDON
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