IRAN: Iran’s foreign trade has sharply declined during the first month of conflict involving the United States and Israel, dealing a major blow to its already fragile economy. Non-oil trade dropped significantly—falling 30% from the previous month and 50% compared to the previous year—due to military escalation that disrupted shipping routes and regional trade ties. Key partners such as the UAE and China reduced or suspended trade, while even oil exports showed signs of decline. The situation has worsened with damage to major industrial facilities and new export bans on petrochemicals and steel. Iran’s heavy reliance on imports further exposes its economic vulnerability. With production disruptions in major steel hubs and emergency import plans underway, the country faces increasing economic strain and an uncertain outlook in the coming months.
Heavenly Father, bring peace to nations in conflict. Calm the tensions and guide leaders toward understanding and reconciliation. Lord, restore stability to economies affected by war. Provide for those who are struggling due to loss of income and resources. Amen (The Holy Bible, Philippians 4:19).
Lord, grant wisdom to leaders and decision-makers during this crisis. Help them make choices that promote life, stability, and justice. Amen (The Holy Bible, Proverbs 2:6).
News Source: Iran International
Image Source: Canva
