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War weighs on Iran's economy as US intensifies sanctions

Dawn 29 August 2026 8h ago
War weighs on Iran's economy as US intensifies sanctions
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Iranian leaders are acknowledging the economic toll of war with the US, with the supreme leader urging the government to address the hardship and the president saying foreign trade has shrunk by a third due to the American sanctions and blockade. Yet Tehran signalled no retreat on Saturday, vowing to withstand US pressure, pursue diplomacy and maintain what it said was control over the Strait of H
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