Iranian President Masoud Pezeshkian acknowledged severe economic hardship, including inflation above 80% and a projected 6.1% GDP contraction, as a U.S. naval blockade cuts oil exports and fuel imports while weakening Tehran’s control over the Strait of Hormuz.
Iran’s president admits ‘we have many problems’ as U.S. blockade chokes economy
Iranian President Masoud Pezeshkian acknowledged severe economic hardship, including inflation above 80% and a projected 6.1% GDP contraction, as a U.S. naval blockade cuts oil exports and fuel imports while weakening Tehran’s control over the Strait of Hormuz.
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