# Iran’s GDP shrinks 10% as oil and gas losses mount during war

https://mins.news/en/item/67201

- Al Jazeera, 2026-09-21 10:38 UTC
- Economy
- Original: https://www.aljazeera.com/news/2026/9/21/how-oil-gas-losses-have-shrunk-irans-gdp-by-10-percent-during-war?traffic_source=rss

> 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.

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