Iran's President Pezeshkian said imports and exports have dropped 25-35%, with imports falling more sharply. He said the government's foreign-policy priorities for the remainder of its term are easing tensions, deepening ties with eastern countries and lifting sanctions. If sanctions continue, prices will keep rising; importers who previously shipped by sea at lower cost now must reroute, raising procurement and transport costs.

2026-08-29

Iran's President Pezeshkian said imports and exports have dropped 25-35%, with imports falling more sharply. He said the government's foreign-policy priorities for the remainder of its term are easing tensions, deepening ties with eastern countries and lifting sanctions. If sanctions continue, prices will keep rising; importers who previously shipped by sea at lower cost now must reroute, raising procurement and transport costs.