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POLITICSELEVATED4d ago · Aug 29, 2026, 3:23 AM

Iranian leaders admit economic toll of war with US as trade drops 35%

South China Morning Post · middle east

Iranian leaders are acknowledging the economic toll of war with the United States, with the supreme leader calling on the government to address the hardship while the president reported foreign trade has shrunk 35 per cent due to the American sanctions and blockade. The warnings came even as other leaders threaten the US with military retaliation and declarations that the Iranian navy maintains control of the Strait of Hormuz, the strategic waterway giving Iran ‌leverage through its ability to...

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