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The Nexus
WORLDAug 21 · 09:06 UTCWTOP DCWTOP Staff

Iranian families struggle to afford the basics as US ratchets up economic warfare

Iranian families face severe economic hardships due to soaring unemployment and intense pressure from US sanctions and a naval blockade that has curtailed oil exports. While facing rising costs for basic necessities, Iran is leveraging retaliatory actions in the region, such as disrupting shipping in the Strait of Hormuz. Experts suggest the country possesses mechanisms like informal trade networks to partially circumvent Western sanctions.

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