How oil, gas losses have shrunk Iran’s GDP by 10 percent during war

NEWS SUMMARY

Official data shows Iran's GDP shrank by 10.1 percent between March 21 and June 20, with the oil and gas sector contracting by 26.4 percent amid US-Israel pressure. This economic downturn coincides with a significant reduction in Iranian oil exports and high inflation, impacting trade and the national currency.

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The oil and gas sector shrank 26 percent, new official data shows, pointing to the costs of the US-Israel war on Iran.

This page aggregates and summarizes reporting from Al Jazeera. The Conflict Pulse does not author original reporting. Read the original source for full coverage.

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