Iran’s Economy Shrinks By ‘Strait’ 10.1% Amid US War: How Hormuz Blockade, Oil & Gas Losses Impacted GDP
News explainers Iran’s Economy Shrinks By ‘Strait’ 10.1% Amid US War: How Hormuz Blockade, Oil & Gas Losses Impacted GDP Last Updated:September 21, 2026, 6:57 PM IST The economic downturn is driven by a massive collapse in the energy sector, which serves as country’s main source of foreign currency The US-Iran war is currently locked…