Iran GDP Contracts 10.1% as U.S.-Israel Strikes and Sanctions Bite

Iran's economy shrank 10.1% in the first Persian quarter, driven by U.S. and Israeli attacks and a blockade on Iranian ports that has crippled crude exports. The contraction reflects the cumulative impact of sanctions and military pressure, though the exact duration and full extent of the damage remain uncertain. This deepens Tehran's economic isolation and could escalate regional tensions or force policy shifts.