🖋Ali Ramazaniān Economic journalist

Iran’s economy, after months of military confrontation with the United States and Israel, while facing sanctions pressure and disruption to maritime transport, has seen a decline in imports and exports of goods—and as a result, a drop in foreign-exchange revenues.

Under current conditions, limitations on maritime routes in the Persian Gulf and the Strait of Hormuz have affected one of the most important chokepoints in Iran’s foreign trade.

Fardok (?) Asgarî, head of Iran’s customs, has said that from the beginning of the year 1405 to 25 Mordad, the country’s non-oil exports were about $15 billion, which is a 28.2% decline compared with the same period in the previous year. Imports have also fallen by 26.1% to roughly $17 billion.

📸Fatemeh Bahrami/Anadolu via Getty Images