Iranian leaders are acknowledging the economic toll of war with the United States, with the supreme leader calling on the government to address the hardship while the president reported foreign trade has shrunk 35% due to American sanctions and blockade.
The comments come as the conflict marks six months. The US has intensified enforcement, hitting Egyptian bank branches linked to Iranian shadow banking and estimating $1.8 billion in transactions for Iranian networks between 2024-2026.
In Europe, policymakers are ready to raise rates to counter the economic effects of the Iran war. Oil prices remain volatile as traders watch Iran-Oman talks.
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