Iranian President Masoud Pezeshkian acknowledged severe economic problems, including inflation above 80% and a projected 6.1% GDP contraction, as a U.S. naval blockade chokes oil exports and fuel imports while Washington works to reopen the Strait of Hormuz.
Iran’s president admits economy is in crisis as U.S. blockade tightens around Hormuz
Iranian President Masoud Pezeshkian acknowledged severe economic problems, including inflation above 80% and a projected 6.1% GDP contraction, as a U.S. naval blockade chokes oil exports and fuel imports while Washington works to reopen the Strait of Hormuz.
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