EconomyIran’s GDP shrinks 10% as oil and gas losses mount during war
Iran’s GDP fell 10.1 percent year-on-year in the first quarter of the Persian calendar, according to official data, as the US-Israel war hit the economy. Oil and gas activity contracted 26.4 percent, while US pressure and a naval blockade of the Strait of Hormuz sharply curtailed crude exports and trade.
AAl Jazeera★★★★☆2026-09-21 10:38Original
Iran’s GDP shrinks 10% as oil and gas losses mount during war
Economy