World · 29 August 2026
Iran says foreign trade has fallen 35% six months into the US war
Photo by Engin Akyurt on Pexels
The supreme leader wants his government to tackle this financial hardship, while military commanders claim they still control the Strait of Hormuz, a key shipping route. Donald Trump's administration is pushing an "economic D-Day", warning nations to stop trading with Tehran or face strict penalties. Officials just targeted Egypt's Banque Misr, planning to block its United Arab Emirates branches from using American dollars.
Reported by South China Morning Post · How we write briefs