The Iranian economy contracted 10.1% in the first quarter of the Persian year, between March and May, compared to the same period last year, in the middle of a war that began by the United States almost seven months ago, was revealed today.
© Lusa
20/09/2026
by
Lusa
O Iran's Statistical Center indicated that the sector most affected was the extraction of crude oil and natural gas, which recorded a fall of 26.4%, followed by industry and mining, with a contraction of 14.7%.
Meanwhile, the agricultural sector had a growth of 2.3%.
The agency did not mention the reasons for the economic contraction of the country, but this occurs after the war started by the United States and Israel on 28 February, in which the country's most important industries, such as petrochemicals and steel, were attacked.
These industries account for thousands of jobs and exports worth US$13 billion and US$6 billion last year, respectively.
The Iranian economy is going through a difficult period, with an annual inflation of 89%, while the national currency has fallen to historical minimums in recent weeks.
The Iranian President Masoud Pezeshkian recently admitted at the BRICS Economic Forum in New Delhi that the situation of the country has entered a “much more difficult and dangerous phase” due to the war.